Lynch Investment Planning LLC Invests $4.37 Million in iShares Core Dividend Growth ETF $DGRO

Lynch Investment Planning LLC purchased a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 62,953 shares of the company’s stock, valued at approximately $4,370,000. iShares Core Dividend Growth ETF makes up about 4.2% of Lynch Investment Planning LLC’s investment portfolio, making the stock its 10th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenline Wealth Management LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at approximately $25,000. Tortoise Investment Management LLC increased its stake in iShares Core Dividend Growth ETF by 89.5% during the third quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after purchasing an additional 179 shares during the last quarter. Ankerstar Wealth LLC bought a new stake in iShares Core Dividend Growth ETF during the fourth quarter valued at $26,000. Group One Trading LLC acquired a new stake in shares of iShares Core Dividend Growth ETF during the third quarter worth $28,000. Finally, IFC & Insurance Marketing Inc. bought a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter worth about $31,000.

iShares Core Dividend Growth ETF Stock Down 0.2%

Shares of NYSEARCA:DGRO opened at $74.82 on Friday. iShares Core Dividend Growth ETF has a fifty-two week low of $62.05 and a fifty-two week high of $76.07. The firm has a 50-day simple moving average of $73.85 and a 200 day simple moving average of $72.09. The company has a market cap of $40.26 billion, a PE ratio of 19.66 and a beta of 0.77.

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.