Mandatum Life Insurance Co Ltd Trims Stock Position in iShares Core Dividend Growth ETF $DGRO

Mandatum Life Insurance Co Ltd cut its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 3.3% in the second quarter, Holdings Channel.com reports. The fund owned 6,331 shares of the company’s stock after selling 215 shares during the quarter. Mandatum Life Insurance Co Ltd’s holdings in iShares Core Dividend Growth ETF were worth $405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of DGRO. Brighton Jones LLC lifted its position in iShares Core Dividend Growth ETF by 52.5% in the fourth quarter. Brighton Jones LLC now owns 6,696 shares of the company’s stock valued at $411,000 after acquiring an additional 2,304 shares during the last quarter. Northern Trust Corp raised its holdings in shares of iShares Core Dividend Growth ETF by 4.8% in the fourth quarter. Northern Trust Corp now owns 82,650 shares of the company’s stock valued at $5,070,000 after buying an additional 3,776 shares during the last quarter. First Heartland Consultants Inc. raised its holdings in shares of iShares Core Dividend Growth ETF by 1.9% in the fourth quarter. First Heartland Consultants Inc. now owns 20,414 shares of the company’s stock valued at $1,252,000 after buying an additional 382 shares during the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 74.7% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 11,313 shares of the company’s stock valued at $694,000 after buying an additional 4,839 shares during the last quarter. Finally, Novem Group purchased a new stake in shares of iShares Core Dividend Growth ETF in the fourth quarter valued at about $638,000.

iShares Core Dividend Growth ETF Trading Up 0.1%

Shares of DGRO stock opened at $67.46 on Friday. The company has a market cap of $33.94 billion, a price-to-earnings ratio of 19.66 and a beta of 0.89. The stock has a 50 day simple moving average of $66.01 and a 200-day simple moving average of $63.00. iShares Core Dividend Growth ETF has a 12-month low of $54.09 and a 12-month high of $68.09.

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.