Modus Advisors LLC Decreases Stock Position in iShares Core Dividend Growth ETF $DGRO

Modus Advisors LLC cut its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 11.6% in the 4th quarter, Holdings Channel reports. The fund owned 155,505 shares of the company’s stock after selling 20,323 shares during the quarter. iShares Core Dividend Growth ETF comprises about 2.8% of Modus Advisors LLC’s holdings, making the stock its 6th largest position. Modus Advisors LLC’s holdings in iShares Core Dividend Growth ETF were worth $10,795,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its position in iShares Core Dividend Growth ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock worth $1,270,529,000 after acquiring an additional 195,211 shares in the last quarter. Wealthfront Advisers LLC grew its position in iShares Core Dividend Growth ETF by 4.7% in the fourth quarter. Wealthfront Advisers LLC now owns 13,931,233 shares of the company’s stock worth $967,106,000 after acquiring an additional 628,342 shares in the last quarter. Raymond James Financial Inc. grew its position in iShares Core Dividend Growth ETF by 4.6% in the third quarter. Raymond James Financial Inc. now owns 10,467,035 shares of the company’s stock worth $712,596,000 after acquiring an additional 457,568 shares in the last quarter. Capital Investment Advisors LLC grew its position in iShares Core Dividend Growth ETF by 2.7% in the fourth quarter. Capital Investment Advisors LLC now owns 8,339,921 shares of the company’s stock worth $578,957,000 after acquiring an additional 215,540 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its position in iShares Core Dividend Growth ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock worth $504,803,000 after acquiring an additional 1,080,418 shares in the last quarter.

iShares Core Dividend Growth ETF Trading Down 0.8%

Shares of NYSEARCA:DGRO opened at $75.17 on Friday. The stock’s 50-day moving average price is $72.89 and its 200-day moving average price is $71.64. iShares Core Dividend Growth ETF has a 12-month low of $62.05 and a 12-month high of $75.84. The stock has a market capitalization of $40.45 billion, a P/E ratio of 19.66 and a beta of 0.77.

iShares Core Dividend Growth ETF Company Profile

The iShares Core Dividend Growth ETF (DGRO) is an exchange-traded fund that is based on the Morningstar US Dividend Growth index. The fund tracks an index of US stocks that are selected by dividends, dividend growth and payout ratio, then weighted by dividend dollars. DGRO was launched on Jun 10, 2014 and is managed by BlackRock.