Correct Capital Wealth Management Sells 127,739 Shares of iShares Core Dividend Growth ETF $DGRO

Correct Capital Wealth Management trimmed its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 19.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 520,330 shares of the company’s stock after selling 127,739 shares during the quarter. iShares Core Dividend Growth ETF accounts for approximately 5.0% of Correct Capital Wealth Management’s holdings, making the stock its 6th biggest holding. Correct Capital Wealth Management’s holdings in iShares Core Dividend Growth ETF were worth $35,424,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in iShares Core Dividend Growth ETF by 42.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,535,976 shares of the company’s stock valued at $865,424,000 after purchasing an additional 4,028,341 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of iShares Core Dividend Growth ETF by 16.4% in the third quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock valued at $583,076,000 after purchasing an additional 1,211,980 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares Core Dividend Growth ETF by 15.8% during the second quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock valued at $504,803,000 after buying an additional 1,080,418 shares during the last quarter. MML Investors Services LLC boosted its position in shares of iShares Core Dividend Growth ETF by 25.9% during the second quarter. MML Investors Services LLC now owns 4,534,983 shares of the company’s stock worth $289,967,000 after buying an additional 934,207 shares during the period. Finally, Hughes Financial Services LLC boosted its position in shares of iShares Core Dividend Growth ETF by 86,423.7% during the second quarter. Hughes Financial Services LLC now owns 591,822 shares of the company’s stock worth $38,356,000 after buying an additional 591,138 shares during the period.

iShares Core Dividend Growth ETF Price Performance

DGRO opened at $73.95 on Friday. The stock’s 50 day moving average price is $70.61 and its 200 day moving average price is $68.47. The stock has a market cap of $38.61 billion, a P/E 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 $74.03.

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.