Hughes Financial Services LLC Has $30.99 Million Stock Position in iShares Core Dividend Growth ETF $DGRO

Hughes Financial Services LLC reduced its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 26.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 446,371 shares of the company’s stock after selling 163,826 shares during the quarter. iShares Core Dividend Growth ETF accounts for approximately 4.9% of Hughes Financial Services LLC’s investment portfolio, making the stock its 7th largest holding. Hughes Financial Services LLC’s holdings in iShares Core Dividend Growth ETF were worth $30,987,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in DGRO. Ameriprise Financial Inc. raised its holdings in shares of iShares Core Dividend Growth ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock valued at $504,803,000 after acquiring an additional 1,080,418 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of iShares Core Dividend Growth ETF in the third quarter valued at about $65,915,000. MML Investors Services LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 25.9% in the second quarter. MML Investors Services LLC now owns 4,534,983 shares of the company’s stock valued at $289,967,000 after acquiring an additional 934,207 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 15.7% in the third 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 in the last quarter. Finally, Wealthfront Advisers LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 4.7% in the fourth quarter. Wealthfront Advisers LLC now owns 13,931,233 shares of the company’s stock valued at $967,106,000 after acquiring an additional 628,342 shares in the last quarter.

iShares Core Dividend Growth ETF Price Performance

DGRO stock opened at $74.74 on Thursday. The business has a 50-day moving average price of $73.24 and a 200 day moving average price of $71.82. The company has a market capitalization of $40.22 billion, a P/E ratio of 19.66 and a beta of 0.77. iShares Core Dividend Growth ETF has a 1-year low of $62.05 and a 1-year high of $75.84.

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.