Forte Asset Management LLC Trims Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Forte Asset Management LLC lessened its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 3.7% during the 3rd quarter, Holdings Channel reports. The firm owned 161,733 shares of the company’s stock after selling 6,219 shares during the period. iShares Core Dividend Growth ETF makes up approximately 5.4% of Forte Asset Management LLC’s portfolio, making the stock its 2nd biggest position. Forte Asset Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $10,139,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DGRO. US Bancorp DE boosted its stake in iShares Core Dividend Growth ETF by 3.3% during the 3rd quarter. US Bancorp DE now owns 90,657 shares of the company’s stock worth $5,683,000 after acquiring an additional 2,897 shares during the last quarter. HM Payson & Co. boosted its stake in iShares Core Dividend Growth ETF by 143.5% during the 3rd quarter. HM Payson & Co. now owns 13,179 shares of the company’s stock worth $826,000 after acquiring an additional 7,767 shares during the last quarter. Goldstone Financial Group LLC bought a new position in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $2,672,000. Financial Advocates Investment Management boosted its stake in iShares Core Dividend Growth ETF by 1.4% during the 3rd quarter. Financial Advocates Investment Management now owns 58,730 shares of the company’s stock worth $3,682,000 after acquiring an additional 811 shares during the last quarter. Finally, TNF LLC bought a new position in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $232,000.

iShares Core Dividend Growth ETF Price Performance

iShares Core Dividend Growth ETF stock opened at $61.94 on Friday. The company’s 50 day simple moving average is $62.29 and its 200 day simple moving average is $59.49. iShares Core Dividend Growth ETF has a fifty-two week low of $47.77 and a fifty-two week high of $64.00. The firm has a market capitalization of $29.33 billion, a price-to-earnings 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.