Janney Montgomery Scott LLC Reduces Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Janney Montgomery Scott LLC cut its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 13.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 458,885 shares of the company’s stock after selling 69,982 shares during the quarter. Janney Montgomery Scott LLC owned 0.10% of iShares Core Dividend Growth ETF worth $26,643,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Etfidea LLC grew its stake 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 valued at $27,911,000 after purchasing an additional 6,948 shares during the period. Financial Insights Inc. bought a new stake in iShares Core Dividend Growth ETF during the third quarter valued at approximately $2,211,000. Tritonpoint Wealth LLC bought a new stake in iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $299,000. Koshinski Asset Management Inc. raised its position in iShares Core Dividend Growth ETF by 33.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 7,281 shares of the company’s stock worth $392,000 after acquiring an additional 1,837 shares during the period. Finally, Wealthcare Advisory Partners LLC boosted its stake in shares of iShares Core Dividend Growth ETF by 6.7% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 31,572 shares of the company’s stock worth $1,699,000 after acquiring an additional 1,996 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Performance

Shares of DGRO stock traded up $0.06 during mid-day trading on Friday, reaching $57.76. 715,381 shares of the company’s stock traded hands, compared to its average volume of 1,469,085. iShares Core Dividend Growth ETF has a 12 month low of $47.19 and a 12 month high of $58.61. The firm has a 50 day moving average price of $57.47 and a two-hundred day moving average price of $56.20. The firm has a market capitalization of $27.35 billion, a PE ratio of 19.25 and a beta of 0.71.

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.