iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Holdings Cut by Merit Financial Group LLC

Merit Financial Group LLC cut its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 14.3% during the fourth quarter, HoldingsChannel reports. The fund owned 98,411 shares of the company’s stock after selling 16,443 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Core Dividend Growth ETF were worth $6,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Adell Harriman & Carpenter Inc. increased its position in iShares Core Dividend Growth ETF by 1.6% in the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 10,613 shares of the company’s stock worth $665,000 after purchasing an additional 170 shares during the last quarter. Empire Financial Management Company LLC increased its holdings in iShares Core Dividend Growth ETF by 2.7% in the third quarter. Empire Financial Management Company LLC now owns 6,459 shares of the company’s stock worth $405,000 after buying an additional 171 shares during the last quarter. GSG Advisors LLC raised its position in iShares Core Dividend Growth ETF by 0.5% during the third quarter. GSG Advisors LLC now owns 35,815 shares of the company’s stock valued at $2,238,000 after acquiring an additional 186 shares in the last quarter. Eastover Investment Advisors LLC lifted its stake in iShares Core Dividend Growth ETF by 2.1% in the fourth quarter. Eastover Investment Advisors LLC now owns 9,123 shares of the company’s stock valued at $560,000 after acquiring an additional 192 shares during the last quarter. Finally, Alta Wealth Advisors LLC grew its position in iShares Core Dividend Growth ETF by 2.6% in the third quarter. Alta Wealth Advisors LLC now owns 7,693 shares of the company’s stock worth $482,000 after acquiring an additional 194 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Up 0.5 %

Shares of DGRO opened at $62.59 on Friday. The firm has a market cap of $29.63 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. The company’s fifty day moving average is $62.77 and its 200-day moving average is $61.72. iShares Core Dividend Growth ETF has a 12 month low of $53.18 and a 12 month high of $65.08.

iShares Core Dividend Growth ETF Company 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.