29,678 Shares in iShares Core Dividend Growth ETF $DGRO Purchased by First Bancorp Inc ME

First Bancorp Inc ME bought a new stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 29,678 shares of the company’s stock, valued at approximately $2,249,000. iShares Core Dividend Growth ETF comprises approximately 0.9% of First Bancorp Inc ME’s investment portfolio, making the stock its 22nd biggest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DGRO. Brighton Jones LLC boosted its position in iShares Core Dividend Growth ETF by 52.5% during the fourth quarter. Brighton Jones LLC now owns 6,696 shares of the company’s stock worth $411,000 after acquiring an additional 2,304 shares during the last quarter. AQR Capital Management LLC grew its stake in iShares Core Dividend Growth ETF by 95.4% in the 1st quarter. AQR Capital Management LLC now owns 13,842 shares of the company’s stock worth $855,000 after acquiring an additional 6,758 shares during the period. Russell Investments Group Ltd. raised its holdings in iShares Core Dividend Growth ETF by 114.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,204 shares of the company’s stock valued at $77,000 after acquiring an additional 643 shares during the last quarter. Glenview Trust co raised its holdings in iShares Core Dividend Growth ETF by 7.2% in the 2nd quarter. Glenview Trust co now owns 9,516 shares of the company’s stock valued at $608,000 after acquiring an additional 637 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 2.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 12,191 shares of the company’s stock worth $779,000 after purchasing an additional 305 shares during the period.

iShares Core Dividend Growth ETF Stock Down 0.1%

DGRO stock opened at $79.84 on Wednesday. iShares Core Dividend Growth ETF has a 52-week low of $66.19 and a 52-week high of $80.58. The stock’s fifty day simple moving average is $77.68 and its 200-day simple moving average is $74.55. The stock has a market capitalization of $43.75 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76.

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.