NewEdge Wealth LLC Trims Holdings in iShares Core Dividend Growth ETF $DGRO

NewEdge Wealth LLC reduced its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 12.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 79,805 shares of the company’s stock after selling 11,183 shares during the quarter. NewEdge Wealth LLC’s holdings in iShares Core Dividend Growth ETF were worth $5,404,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in DGRO. Envestnet Asset Management Inc. lifted its stake in iShares Core Dividend Growth ETF by 42.4% during the second quarter. Envestnet Asset Management Inc. now owns 13,535,976 shares of the company’s stock worth $865,424,000 after purchasing an additional 4,028,341 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of iShares Core Dividend Growth ETF by 16.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock valued at $583,076,000 after buying 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% in the 2nd 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 period. MML Investors Services LLC lifted its stake in iShares Core Dividend Growth ETF by 25.9% during the 2nd quarter. MML Investors Services LLC now owns 4,534,983 shares of the company’s stock worth $289,967,000 after acquiring an additional 934,207 shares in the last quarter. Finally, HighTower Advisors LLC boosted its holdings in iShares Core Dividend Growth ETF by 15.7% during the 3rd quarter. HighTower Advisors LLC now owns 4,961,939 shares of the company’s stock valued at $337,810,000 after acquiring an additional 673,706 shares during the period.

iShares Core Dividend Growth ETF Price Performance

Shares of NYSEARCA:DGRO opened at $73.61 on Friday. The firm has a market capitalization of $38.43 billion, a PE ratio of 19.66 and a beta of 0.84. iShares Core Dividend Growth ETF has a 1 year low of $54.09 and a 1 year high of $74.28. The firm’s 50-day moving average is $71.34 and its two-hundred day moving average is $68.97.

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.