FORM Wealth Advisors LLC Takes Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

FORM Wealth Advisors LLC purchased a new stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 664,277 shares of the company’s stock, valued at approximately $41,039,000. iShares Core Dividend Growth ETF makes up approximately 5.6% of FORM Wealth Advisors LLC’s investment portfolio, making the stock its 5th biggest position. FORM Wealth Advisors LLC owned 0.13% of iShares Core Dividend Growth ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gotham Asset Management LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 24.1% during the fourth quarter. Gotham Asset Management LLC now owns 93,152 shares of the company’s stock valued at $5,714,000 after purchasing an additional 18,113 shares in the last quarter. Ranch Capital Advisors Inc. lifted its holdings in iShares Core Dividend Growth ETF by 1.7% in the fourth quarter. Ranch Capital Advisors Inc. now owns 18,632 shares of the company’s stock valued at $1,143,000 after acquiring an additional 317 shares during the period. Ipsen Advisor Group LLC bought a new position in iShares Core Dividend Growth ETF in the fourth quarter valued at about $924,000. First Business Financial Services Inc. lifted its holdings in iShares Core Dividend Growth ETF by 0.7% in the fourth quarter. First Business Financial Services Inc. now owns 904,501 shares of the company’s stock valued at $55,482,000 after acquiring an additional 6,006 shares during the period. Finally, Harbour Investments Inc. lifted its holdings in iShares Core Dividend Growth ETF by 7.4% in the fourth quarter. Harbour Investments Inc. now owns 61,971 shares of the company’s stock valued at $3,801,000 after acquiring an additional 4,279 shares during the period.

iShares Core Dividend Growth ETF Stock Performance

DGRO stock opened at $62.76 on Tuesday. iShares Core Dividend Growth ETF has a fifty-two week low of $54.09 and a fifty-two week high of $65.08. The business’s 50-day moving average is $61.21 and its two-hundred day moving average is $61.72. The company has a market cap of $31.32 billion, a price-to-earnings ratio of 20.47 and a beta of 0.85.

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.