Maiden Cove Capital LLC Buys Shares of 39,189 iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Maiden Cove Capital LLC purchased a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 39,189 shares of the company’s stock, valued at approximately $2,252,000. iShares Core Dividend Growth ETF accounts for approximately 4.5% of Maiden Cove Capital LLC’s investment portfolio, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. BNP Paribas Financial Markets purchased a new stake in shares of iShares Core Dividend Growth ETF during the first quarter valued at about $302,000. Atomi Financial Group Inc. grew its holdings in iShares Core Dividend Growth ETF by 1.7% in the first quarter. Atomi Financial Group Inc. now owns 23,485 shares of the company’s stock worth $1,364,000 after purchasing an additional 382 shares during the last quarter. Verus Capital Partners LLC increased its position in shares of iShares Core Dividend Growth ETF by 3.0% during the first quarter. Verus Capital Partners LLC now owns 174,252 shares of the company’s stock worth $10,117,000 after purchasing an additional 5,137 shares in the last quarter. O Dell Group LLC increased its position in shares of iShares Core Dividend Growth ETF by 0.8% during the first quarter. O Dell Group LLC now owns 569,047 shares of the company’s stock worth $33,039,000 after purchasing an additional 4,714 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its holdings in shares of iShares Core Dividend Growth ETF by 1,255.4% during the 1st quarter. Sheets Smith Wealth Management now owns 65,478 shares of the company’s stock valued at $3,802,000 after purchasing an additional 60,647 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Performance

DGRO stock traded up $0.38 on Friday, hitting $64.15. 1,904,827 shares of the company’s stock were exchanged, compared to its average volume of 1,432,165. The firm has a 50 day moving average price of $62.47 and a two-hundred day moving average price of $59.84. iShares Core Dividend Growth ETF has a 12-month low of $49.08 and a 12-month high of $64.34. The stock has a market cap of $30.37 billion, a P/E ratio of 19.25 and a beta of 0.71.

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.