Flagstar Advisors Inc. Sells 21,322 Shares of iShares Core Dividend Growth ETF $DGRO

Flagstar Advisors Inc. lowered its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 17.0% in the first quarter, Holdings Channel.com reports. The firm owned 103,765 shares of the company’s stock after selling 21,322 shares during the period. iShares Core Dividend Growth ETF accounts for 2.6% of Flagstar Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. Flagstar Advisors Inc.’s holdings in iShares Core Dividend Growth ETF were worth $7,282,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Greenline Wealth Management LLC acquired a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter valued at about $25,000. Tortoise Investment Management LLC lifted its position in iShares Core Dividend Growth ETF by 89.5% during the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock worth $26,000 after acquiring an additional 179 shares in the last quarter. Ankerstar Wealth LLC acquired a new position in iShares Core Dividend Growth ETF during the 4th quarter worth approximately $26,000. MBM Wealth Consultants LLC acquired a new position in shares of iShares Core Dividend Growth ETF during the first quarter worth $27,000. Finally, Group One Trading LLC purchased a new position in iShares Core Dividend Growth ETF in the 3rd quarter valued at about $28,000.

iShares Core Dividend Growth ETF Stock Performance

Shares of DGRO opened at $75.95 on Tuesday. The company has a market capitalization of $40.87 billion, a P/E ratio of 19.66 and a beta of 0.77. The stock has a 50-day moving average price of $74.29 and a 200 day moving average price of $72.38. iShares Core Dividend Growth ETF has a one year low of $63.61 and a one year high of $76.24.

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.