Silverlake Wealth Management LLC Purchases New Stake in iShares Core Dividend Growth ETF $DGRO

Silverlake Wealth Management LLC acquired a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,859 shares of the company’s stock, valued at approximately $1,142,000.

Several other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Core Dividend Growth ETF by 42.4% during the 2nd 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 period. Kingstone Capital Partners Texas LLC bought a new stake in iShares Core Dividend Growth ETF during the second quarter worth $175,229,000. Jones Financial Companies Lllp lifted its stake in 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 purchasing an additional 1,612,709 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares Core Dividend Growth ETF by 15.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock valued at $504,803,000 after purchasing an additional 1,080,418 shares in the last quarter. Finally, MML Investors Services LLC increased its stake in shares of iShares Core Dividend Growth ETF by 25.9% in the 2nd quarter. MML Investors Services LLC now owns 4,534,983 shares of the company’s stock valued at $289,967,000 after purchasing an additional 934,207 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Down 0.5%

NYSEARCA:DGRO opened at $70.24 on Friday. The firm has a market capitalization of $35.65 billion, a PE ratio of 19.66 and a beta of 0.84. iShares Core Dividend Growth ETF has a twelve month low of $54.09 and a twelve month high of $70.61. The stock’s 50-day simple moving average is $68.56 and its 200 day simple moving average is $66.44.

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.