Ridgecrest Wealth Partners LLC Sells 63,475 Shares of iShares Core Dividend Growth ETF $DGRO

Ridgecrest Wealth Partners LLC reduced its holdings in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 172,404 shares of the company’s stock after selling 63,475 shares during the period. iShares Core Dividend Growth ETF comprises about 6.5% of Ridgecrest Wealth Partners LLC’s investment portfolio, making the stock its 4th biggest position. Ridgecrest Wealth Partners LLC’s holdings in iShares Core Dividend Growth ETF were worth $11,968,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Tortoise Investment Management LLC boosted its stake in shares of iShares Core Dividend Growth ETF by 89.5% in the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after purchasing an additional 179 shares in the last quarter. Group One Trading LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at $28,000. Costello Asset Management INC boosted its stake in shares of iShares Core Dividend Growth ETF by 79.5% in the 3rd quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after purchasing an additional 186 shares in the last quarter. Strategic Wealth Investment Group LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the 2nd quarter valued at $29,000. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at $33,000.

iShares Core Dividend Growth ETF Stock Performance

Shares of NYSEARCA:DGRO opened at $72.28 on Friday. The company has a market capitalization of $38.75 billion, a PE ratio of 19.66 and a beta of 0.80. The company’s fifty day moving average is $71.88 and its 200-day moving average is $70.13. iShares Core Dividend Growth ETF has a 52 week low of $55.82 and a 52 week high of $74.28.

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.