Robertson Stephens Wealth Management LLC Lowers Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Robertson Stephens Wealth Management LLC cut its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 2.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,889 shares of the company’s stock after selling 3,003 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $6,604,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DGRO. Raymond James Financial Inc. purchased a new stake in shares of iShares Core Dividend Growth ETF during the fourth quarter valued at about $616,824,000. GAMMA Investing LLC lifted its position in shares of iShares Core Dividend Growth ETF by 6,536.2% during the first quarter. GAMMA Investing LLC now owns 3,745,460 shares of the company’s stock valued at $231,395,000 after buying an additional 3,689,020 shares during the last quarter. LPL Financial LLC lifted its position in shares of iShares Core Dividend Growth ETF by 10.4% during the fourth quarter. LPL Financial LLC now owns 14,756,281 shares of the company’s stock valued at $905,150,000 after buying an additional 1,392,383 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of iShares Core Dividend Growth ETF by 36.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,224,958 shares of the company’s stock valued at $259,159,000 after buying an additional 1,132,527 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of iShares Core Dividend Growth ETF by 17.7% during the fourth quarter. Wells Fargo & Company MN now owns 6,198,943 shares of the company’s stock valued at $380,243,000 after buying an additional 932,713 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Performance

DGRO stock opened at $62.76 on Tuesday. The firm has a market cap of $31.32 billion, a price-to-earnings ratio of 20.47 and a beta of 0.85. The firm has a 50-day simple moving average of $60.82 and a two-hundred day simple moving average of $61.80. iShares Core Dividend Growth ETF has a one year low of $54.09 and a one year high of $65.08.

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.