Meridian Financial Partners LLC Boosts Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Meridian Financial Partners LLC lifted its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 8.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 349,463 shares of the company’s stock after acquiring an additional 26,627 shares during the period. iShares Core Dividend Growth ETF comprises 11.3% of Meridian Financial Partners LLC’s investment portfolio, making the stock its 2nd largest holding. Meridian Financial Partners LLC’s holdings in iShares Core Dividend Growth ETF were worth $21,436,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in DGRO. Parallel Advisors LLC increased its stake in iShares Core Dividend Growth ETF by 39.1% in the second quarter. Parallel Advisors LLC now owns 16,608 shares of the company’s stock worth $957,000 after purchasing an additional 4,668 shares during the period. Brown Brothers Harriman & Co. grew its holdings in shares of iShares Core Dividend Growth ETF by 8.9% in the second quarter. Brown Brothers Harriman & Co. now owns 15,531 shares of the company’s stock worth $895,000 after purchasing an additional 1,267 shares during the last quarter. WealthPLAN Partners LLC increased its stake in iShares Core Dividend Growth ETF by 1.8% in the 2nd quarter. WealthPLAN Partners LLC now owns 480,258 shares of the company’s stock worth $27,668,000 after buying an additional 8,664 shares during the period. Edgestream Partners L.P. bought a new stake in iShares Core Dividend Growth ETF during the 2nd quarter valued at about $240,000. Finally, Madison Wealth Partners Inc boosted its position in iShares Core Dividend Growth ETF by 2.3% in the 2nd quarter. Madison Wealth Partners Inc now owns 802,803 shares of the company’s stock valued at $46,249,000 after buying an additional 18,052 shares during the period.

iShares Core Dividend Growth ETF Price Performance

Shares of DGRO stock opened at $61.28 on Wednesday. The company’s 50-day simple moving average is $62.87 and its two-hundred day simple moving average is $61.65. iShares Core Dividend Growth ETF has a one year low of $53.11 and a one year high of $65.08. The company has a market capitalization of $29.01 billion, a P/E 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.