Powers Advisory Group LLC Has $17.67 Million Stake in iShares Core Dividend Growth ETF $DGRO

Powers Advisory Group LLC boosted its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 259,474 shares of the company’s stock after buying an additional 17,957 shares during the quarter. iShares Core Dividend Growth ETF accounts for approximately 7.0% of Powers Advisory Group LLC’s investment portfolio, making the stock its 3rd largest position. Powers Advisory Group LLC owned 0.05% of iShares Core Dividend Growth ETF worth $17,665,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Proathlete Wealth Management LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the 2nd quarter worth about $25,000. Rise Advisors LLC purchased a new stake in iShares Core Dividend Growth ETF in the 1st quarter worth about $27,000. Private Wealth Asset Management LLC bought a new stake in iShares Core Dividend Growth ETF in the second quarter worth about $28,000. Strategic Wealth Investment Group LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the second quarter valued at approximately $29,000. Finally, Keystone Global Partners LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the second quarter valued at approximately $30,000.

iShares Core Dividend Growth ETF Stock Performance

Shares of NYSEARCA DGRO opened at $69.80 on Monday. iShares Core Dividend Growth ETF has a fifty-two week low of $54.09 and a fifty-two week high of $70.61. The company has a market cap of $36.10 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84. The business’s 50 day moving average price is $69.05 and its 200-day moving average price is $67.22.

iShares Core Dividend Growth ETF 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.