Sovereign Financial Group Inc. Sells 6,258 Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Sovereign Financial Group Inc. lessened its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 37.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,503 shares of the company’s stock after selling 6,258 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Core Dividend Growth ETF were worth $565,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Apollon Wealth Management LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 105.2% in the 4th quarter. Apollon Wealth Management LLC now owns 22,633 shares of the company’s stock valued at $1,218,000 after acquiring an additional 11,603 shares during the last quarter. Lincoln National Corp increased its position in shares of iShares Core Dividend Growth ETF by 8.6% in the fourth quarter. Lincoln National Corp now owns 442,061 shares of the company’s stock valued at $23,792,000 after acquiring an additional 34,896 shares during the period. Wealthcare Advisory Partners LLC raised its stake in shares of iShares Core Dividend Growth ETF by 6.7% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 31,572 shares of the company’s stock valued at $1,699,000 after acquiring an additional 1,996 shares during the last quarter. National Bank of Canada FI raised its stake in shares of iShares Core Dividend Growth ETF by 1.8% during the fourth quarter. National Bank of Canada FI now owns 143,578 shares of the company’s stock valued at $7,748,000 after acquiring an additional 2,514 shares during the last quarter. Finally, FourThought Financial Partners LLC boosted its holdings in shares of iShares Core Dividend Growth ETF by 77.7% during the fourth quarter. FourThought Financial Partners LLC now owns 122,409 shares of the company’s stock worth $6,588,000 after purchasing an additional 53,511 shares during the period.

iShares Core Dividend Growth ETF Price Performance

NYSEARCA DGRO traded up $0.20 during trading hours on Tuesday, hitting $57.01. The company’s stock had a trading volume of 1,710,675 shares, compared to its average volume of 1,592,427. The company’s 50 day simple moving average is $56.69 and its two-hundred day simple moving average is $54.11. The company has a market cap of $26.99 billion, a P/E ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 12 month low of $47.19 and a 12 month high of $58.19.

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.