Independent Financial Group LLC Takes $3.19 Million Position in iShares Core Dividend Growth ETF $DGRO

Independent Financial Group LLC purchased a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 45,524 shares of the company’s stock, valued at approximately $3,195,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DGRO. Greenline Wealth Management LLC acquired a new position in iShares Core Dividend Growth ETF during the 4th quarter worth $25,000. Ankerstar Wealth LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter worth about $26,000. MBM Wealth Consultants LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the 1st quarter valued at about $27,000. Group One Trading LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at about $28,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of iShares Core Dividend Growth ETF during the second quarter worth about $29,000.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA:DGRO opened at $77.14 on Friday. The company has a market capitalization of $42.13 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77. iShares Core Dividend Growth ETF has a one year low of $63.76 and a one year high of $78.17. The stock has a 50-day simple moving average of $75.38 and a 200 day simple moving average of $73.05.

About iShares Core Dividend Growth ETF

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.