Targeted Financial Services LLC purchased a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Free Report) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 160,738 shares of the company’s stock, valued at approximately $11,159,000. iShares Core Dividend Growth ETF accounts for 9.6% of Targeted Financial Services LLC’s investment portfolio, making the stock its 4th biggest position.
Several other hedge funds have also made changes to their positions in DGRO. Integrated Investment Consultants LLC lifted its position in iShares Core Dividend Growth ETF by 2.3% during the fourth quarter. Integrated Investment Consultants LLC now owns 111,559 shares of the company’s stock worth $7,744,000 after buying an additional 2,518 shares during the period. Beacon Advisors Holdings LLC purchased a new stake in iShares Core Dividend Growth ETF in the 4th quarter valued at about $10,623,000. 46 Peaks LLC purchased a new stake in iShares Core Dividend Growth ETF in the 4th quarter valued at about $18,211,000. Tempo Wealth LLC purchased a new stake in iShares Core Dividend Growth ETF in the 4th quarter valued at about $7,702,000. Finally, Lynch Investment Planning LLC acquired a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter valued at about $4,370,000.
iShares Core Dividend Growth ETF Price Performance
Shares of DGRO stock opened at $74.82 on Friday. The firm has a market cap of $40.26 billion, a P/E ratio of 19.66 and a beta of 0.77. iShares Core Dividend Growth ETF has a 1-year low of $62.05 and a 1-year high of $76.07. The firm’s 50-day simple moving average is $73.91 and its 200-day simple moving average is $72.11.
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.
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Want to see what other hedge funds are holding DGRO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Free Report).
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