Camden National Bank Makes New $1.84 Million Investment in iShares Core Dividend Growth ETF $DGRO

Camden National Bank bought a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 26,559 shares of the company’s stock, valued at approximately $1,844,000.

A number of other hedge funds have also added to or reduced their stakes in DGRO. Tortoise Investment Management LLC boosted its stake in shares of iShares Core Dividend Growth ETF by 89.5% during the third quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after purchasing an additional 179 shares in the last quarter. Group One Trading LLC bought a new position in shares of iShares Core Dividend Growth ETF during the third quarter valued at approximately $28,000. Costello Asset Management INC boosted its stake in shares of iShares Core Dividend Growth ETF by 79.5% during the third quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after purchasing an additional 186 shares in the last quarter. Strategic Wealth Investment Group LLC bought a new position in shares of iShares Core Dividend Growth ETF during the second quarter valued at approximately $29,000. Finally, Independence Bank of Kentucky boosted its stake in shares of iShares Core Dividend Growth ETF by 80.7% during the fourth quarter. Independence Bank of Kentucky now owns 506 shares of the company’s stock valued at $35,000 after purchasing an additional 226 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA DGRO opened at $74.74 on Tuesday. The company has a market cap of $40.22 billion, a PE ratio of 19.66 and a beta of 0.77. iShares Core Dividend Growth ETF has a 52-week low of $61.56 and a 52-week high of $75.03. The firm’s 50 day moving average price is $72.43 and its 200-day moving average price is $71.47.

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.