Forte Asset Management LLC Trims Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Forte Asset Management LLC cut its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 185,441 shares of the company’s stock after selling 27,638 shares during the quarter. iShares Core Dividend Growth ETF makes up about 6.8% of Forte Asset Management LLC’s investment portfolio, making the stock its 2nd largest position. Forte Asset Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $9,980,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Blair William & Co. IL grew its position in iShares Core Dividend Growth ETF by 20.6% during the 1st quarter. Blair William & Co. IL now owns 27,260 shares of the company’s stock worth $1,456,000 after acquiring an additional 4,648 shares during the last quarter. Sequoia Financial Advisors LLC bought a new position in iShares Core Dividend Growth ETF during the 1st quarter worth approximately $487,000. Baird Financial Group Inc. grew its position in iShares Core Dividend Growth ETF by 6.6% during the 1st quarter. Baird Financial Group Inc. now owns 946,582 shares of the company’s stock worth $50,557,000 after acquiring an additional 58,729 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in iShares Core Dividend Growth ETF by 6.9% during the 1st quarter. Brown Brothers Harriman & Co. now owns 9,617 shares of the company’s stock worth $514,000 after acquiring an additional 617 shares during the last quarter. Finally, High Net Worth Advisory Group LLC grew its position in iShares Core Dividend Growth ETF by 35.4% during the 1st quarter. High Net Worth Advisory Group LLC now owns 17,200 shares of the company’s stock worth $919,000 after acquiring an additional 4,500 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Performance

DGRO traded up $0.34 on Friday, hitting $55.64. 522,344 shares of the company were exchanged, compared to its average volume of 1,595,532. The firm has a fifty day simple moving average of $56.51 and a two-hundred day simple moving average of $53.46. iShares Core Dividend Growth ETF has a 12 month low of $47.19 and a 12 month high of $58.19. The stock has a market capitalization of $26.20 billion, a PE ratio of 18.84 and a beta of 0.89.

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.