iShares Core Dividend Growth ETF (NYSEARCA:DGRO) is Meridian Financial Partners LLC’s Largest Position

Meridian Financial Partners LLC grew its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 297,323 shares of the company’s stock after purchasing an additional 8,993 shares during the quarter. iShares Core Dividend Growth ETF accounts for about 20.9% of Meridian Financial Partners LLC’s holdings, making the stock its biggest holding. Meridian Financial Partners LLC owned about 0.06% of iShares Core Dividend Growth ETF worth $16,421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DGRO. Etfidea LLC lifted its position in shares of iShares Core Dividend Growth ETF by 1.2% during the 3rd quarter. Etfidea LLC now owns 563,525 shares of the company’s stock worth $27,911,000 after buying an additional 6,948 shares during the last quarter. Financial Insights Inc. purchased a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $2,211,000. Tritonpoint Wealth LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at $299,000. Koshinski Asset Management Inc. increased its holdings in shares of iShares Core Dividend Growth ETF by 33.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 7,281 shares of the company’s stock valued at $392,000 after acquiring an additional 1,837 shares during the period. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of iShares Core Dividend Growth ETF by 6.7% in the 4th 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 period.

iShares Core Dividend Growth ETF Stock Performance

DGRO traded up $0.03 during trading on Friday, hitting $57.61. The stock had a trading volume of 1,260,142 shares, compared to its average volume of 1,484,774. The firm has a market capitalization of $27.28 billion, a P/E ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a twelve month low of $47.19 and a twelve month high of $58.61. The company’s 50-day moving average price is $57.35 and its 200 day moving average price is $56.06.

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.