Drive Wealth Management LLC Increases Position in iShares Core Dividend Growth ETF $DGRO

Drive Wealth Management LLC grew its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 13.1% during the second quarter, HoldingsChannel reports. The fund owned 32,835 shares of the company’s stock after acquiring an additional 3,799 shares during the quarter. Drive Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $2,099,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in DGRO. Wellington Shields & Co. LLC grew its stake in iShares Core Dividend Growth ETF by 20.4% during the 1st quarter. Wellington Shields & Co. LLC now owns 3,529 shares of the company’s stock worth $218,000 after buying an additional 598 shares during the last quarter. MGO One Seven LLC grew its stake in iShares Core Dividend Growth ETF by 5.0% during the 1st quarter. MGO One Seven LLC now owns 88,711 shares of the company’s stock worth $5,481,000 after buying an additional 4,186 shares during the last quarter. Altus Wealth Management LLC grew its stake in iShares Core Dividend Growth ETF by 0.8% during the 2nd quarter. Altus Wealth Management LLC now owns 427,854 shares of the company’s stock worth $27,357,000 after buying an additional 3,599 shares during the last quarter. Royal Bank of Canada grew its stake in iShares Core Dividend Growth ETF by 3.7% during the 1st quarter. Royal Bank of Canada now owns 6,157,442 shares of the company’s stock worth $380,408,000 after buying an additional 219,938 shares during the last quarter. Finally, Keystone Global Partners LLC purchased a new position in iShares Core Dividend Growth ETF during the 2nd quarter worth $30,000.

iShares Core Dividend Growth ETF Price Performance

Shares of DGRO stock opened at $67.88 on Monday. iShares Core Dividend Growth ETF has a 1-year low of $54.09 and a 1-year high of $68.88. The stock’s fifty day moving average price is $67.25 and its 200 day moving average price is $63.91. The company has a market cap of $34.37 billion, a price-to-earnings ratio of 19.66 and a beta of 0.89.

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.