ProVise Management Group LLC Increases Stake in iShares Core Dividend Growth ETF $DGRO

ProVise Management Group LLC lifted its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,306,447 shares of the company’s stock after buying an additional 4,127 shares during the quarter. iShares Core Dividend Growth ETF comprises 6.6% of ProVise Management Group LLC’s portfolio, making the stock its biggest holding. ProVise Management Group LLC owned about 0.26% of iShares Core Dividend Growth ETF worth $83,534,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in shares of iShares Core Dividend Growth ETF by 42.4% in the second quarter. Envestnet Asset Management Inc. now owns 13,535,976 shares of the company’s stock worth $865,424,000 after acquiring an additional 4,028,341 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the 2nd quarter valued at $175,229,000. Jones Financial Companies Lllp raised its position in shares of iShares Core Dividend Growth ETF by 38.2% during the first quarter. Jones Financial Companies Lllp now owns 5,837,667 shares of the company’s stock worth $356,986,000 after acquiring an additional 1,612,709 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 6.4% during the first quarter. LPL Financial LLC now owns 15,697,592 shares of the company’s stock valued at $969,797,000 after acquiring an additional 941,311 shares during the period. Finally, Hughes Financial Services LLC boosted its holdings in iShares Core Dividend Growth ETF by 86,423.7% in the second quarter. Hughes Financial Services LLC now owns 591,822 shares of the company’s stock valued at $38,356,000 after acquiring an additional 591,138 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Down 0.2%

Shares of DGRO stock opened at $68.43 on Friday. The firm has a market cap of $34.73 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84. iShares Core Dividend Growth ETF has a 12 month low of $54.09 and a 12 month high of $69.30. The stock has a 50-day moving average price of $67.98 and a 200 day moving average price of $65.31.

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.