iShares Core Dividend Growth ETF $DGRO Stock: Islay Capital Management LLC Reduces Position

Islay Capital Management LLC lowered its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 30.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,040 shares of the company’s stock after selling 11,176 shares during the quarter. Islay Capital Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $1,888,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its holdings in iShares Core Dividend Growth ETF by 25.1% in the 1st quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock valued at $1,222,936,000 after acquiring an additional 3,494,469 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in iShares Core Dividend Growth ETF by 4.4% in the second quarter. Envestnet Asset Management Inc. now owns 11,099,887 shares of the company’s stock valued at $841,260,000 after purchasing an additional 472,809 shares during the period. Royal Bank of Canada grew its stake in shares of iShares Core Dividend Growth ETF by 1.2% during the 1st quarter. Royal Bank of Canada now owns 8,230,843 shares of the company’s stock valued at $577,641,000 after buying an additional 93,718 shares during the period. Cetera Investment Advisers grew its position in iShares Core Dividend Growth ETF by 7.4% during the first quarter. Cetera Investment Advisers now owns 3,324,499 shares of the company’s stock valued at $233,313,000 after acquiring an additional 228,446 shares during the period. Finally, Avior Wealth Management LLC purchased a new position in shares of iShares Core Dividend Growth ETF in the 3rd quarter worth about $163,214,000.

iShares Core Dividend Growth ETF Trading Up 0.8%

DGRO traded up $0.62 during trading on Tuesday, hitting $79.11. 1,062,910 shares of the company’s stock were exchanged, compared to its average volume of 1,833,190. The stock has a 50 day moving average price of $78.08 and a 200 day moving average price of $76.10. iShares Core Dividend Growth ETF has a 1 year low of $67.14 and a 1 year high of $80.58. The firm has a market cap of $44.09 billion, a P/E ratio of 19.66 and a beta of 0.76.

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.