UNIVEST FINANCIAL Corp Makes New $876,000 Investment in iShares Core Dividend Growth ETF $DGRO

UNIVEST FINANCIAL Corp acquired a new stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,623 shares of the company’s stock, valued at approximately $876,000.

Several other hedge funds have also recently added to or reduced their stakes in DGRO. Wealthfront Advisers LLC boosted its holdings in iShares Core Dividend Growth ETF by 25.1% during the first quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock worth $1,222,936,000 after buying an additional 3,494,469 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares Core Dividend Growth ETF by 4.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,099,887 shares of the company’s stock valued at $841,260,000 after acquiring an additional 472,809 shares during the last quarter. Capital Investment Advisors LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at about $645,925,000. Royal Bank of Canada raised its position in shares of iShares Core Dividend Growth ETF by 1.2% in the 1st quarter. Royal Bank of Canada now owns 8,230,843 shares of the company’s stock valued at $577,641,000 after acquiring an additional 93,718 shares during the period. Finally, Commonwealth Equity Services LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at approximately $537,749,000.

iShares Core Dividend Growth ETF Price Performance

Shares of NYSEARCA:DGRO opened at $81.85 on Friday. The firm’s 50 day simple moving average is $78.49 and its 200 day simple moving average is $75.60. iShares Core Dividend Growth ETF has a fifty-two week low of $67.14 and a fifty-two week high of $82.90. The company has a market capitalization of $45.81 billion, a price-to-earnings ratio of 22.08 and a beta of 0.76.

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.