Spire Wealth Management Raises Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Spire Wealth Management increased its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 5.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 28,780 shares of the company’s stock after acquiring an additional 1,545 shares during the quarter. Spire Wealth Management’s holdings in iShares Core Dividend Growth ETF were worth $1,778,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Balance Wealth LLC purchased a new stake in iShares Core Dividend Growth ETF in the 1st quarter worth $477,000. Bluesphere Advisors LLC boosted its stake in iShares Core Dividend Growth ETF by 16.8% during the 1st quarter. Bluesphere Advisors LLC now owns 7,591 shares of the company’s stock worth $469,000 after purchasing an additional 1,092 shares during the last quarter. Sheets Smith Wealth Management boosted its stake in iShares Core Dividend Growth ETF by 8.5% during the 1st quarter. Sheets Smith Wealth Management now owns 83,270 shares of the company’s stock worth $5,144,000 after purchasing an additional 6,552 shares during the last quarter. Keudell Morrison Wealth Management boosted its stake in iShares Core Dividend Growth ETF by 1.0% during the 1st quarter. Keudell Morrison Wealth Management now owns 27,294 shares of the company’s stock worth $1,686,000 after purchasing an additional 280 shares during the last quarter. Finally, Investment Planning Advisors Inc. acquired a new stake in iShares Core Dividend Growth ETF during the 1st quarter worth $241,000.

iShares Core Dividend Growth ETF Stock Up 0.7%

Shares of DGRO opened at $63.42 on Friday. iShares Core Dividend Growth ETF has a 52-week low of $54.09 and a 52-week high of $65.08. The firm’s fifty day moving average is $61.50 and its two-hundred day moving average is $61.74. The stock has a market cap of $31.73 billion, a PE ratio of 20.47 and a beta of 0.89.

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.