Rodgers & Associates LTD Reduces Holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Rodgers & Associates LTD trimmed its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 6.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 29,875 shares of the company’s stock after selling 2,008 shares during the quarter. Rodgers & Associates LTD’s holdings in iShares Core Dividend Growth ETF were worth $1,873,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. LPL Financial LLC lifted its position in shares of iShares Core Dividend Growth ETF by 8.8% in the 2nd quarter. LPL Financial LLC now owns 12,950,815 shares of the company’s stock worth $746,096,000 after purchasing an additional 1,047,837 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of iShares Core Dividend Growth ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,006,470 shares of the company’s stock worth $518,863,000 after purchasing an additional 368,759 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of iShares Core Dividend Growth ETF by 1.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,821,774 shares of the company’s stock worth $508,222,000 after purchasing an additional 111,539 shares during the period. Capital Investment Advisors LLC lifted its position in shares of iShares Core Dividend Growth ETF by 1.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 7,315,118 shares of the company’s stock worth $458,585,000 after purchasing an additional 109,977 shares during the period. Finally, Raymond James & Associates lifted its position in shares of iShares Core Dividend Growth ETF by 1.8% in the 3rd quarter. Raymond James & Associates now owns 2,538,953 shares of the company’s stock worth $159,167,000 after purchasing an additional 45,538 shares during the period.

iShares Core Dividend Growth ETF Price Performance

NYSEARCA DGRO traded down $0.10 during trading hours on Tuesday, reaching $63.22. 717,996 shares of the company’s stock traded hands, compared to its average volume of 1,395,505. iShares Core Dividend Growth ETF has a 52-week low of $47.19 and a 52-week high of $64.00. The firm has a market cap of $29.93 billion, a PE ratio of 19.25 and a beta of 0.71. The firm has a 50-day simple moving average of $61.95 and a 200 day simple moving average of $59.21.

iShares Core Dividend Growth ETF 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.