Western Wealth Management LLC Cuts Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Western Wealth Management LLC decreased its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 17.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 38,495 shares of the company’s stock after selling 8,269 shares during the quarter. Western Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $2,072,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Raleigh Capital Management Inc. bought a new stake in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of iShares Core Dividend Growth ETF during the third quarter worth $27,000. Benjamin Edwards Inc. lifted its position in shares of iShares Core Dividend Growth ETF by 151.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 573 shares of the company’s stock worth $30,000 after buying an additional 345 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in shares of iShares Core Dividend Growth ETF in the 2nd quarter valued at about $33,000. Finally, Phillips Financial Management LLC bought a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter valued at about $37,000.

iShares Core Dividend Growth ETF Trading Up 0.6 %

DGRO traded up $0.33 on Friday, hitting $55.63. 311,760 shares of the company’s stock were exchanged, compared to its average volume of 1,592,970. The stock has a fifty day moving average of $56.51 and a two-hundred day moving average of $53.46. iShares Core Dividend Growth ETF has a twelve month low of $47.19 and a twelve month high of $58.19. The firm has a market cap of $26.19 billion, a PE ratio of 18.84 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.