Targeted Financial Services LLC acquired a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 160,738 shares of the company’s stock, valued at approximately $11,159,000. iShares Core Dividend Growth ETF comprises about 9.6% of Targeted Financial Services LLC’s investment portfolio, making the stock its 4th largest holding.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada increased its position in iShares Core Dividend Growth ETF by 24.0% during the fourth quarter. Royal Bank of Canada now owns 8,137,125 shares of the company’s stock worth $564,879,000 after buying an additional 1,576,241 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of iShares Core Dividend Growth ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock valued at $504,803,000 after acquiring an additional 1,080,418 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of iShares Core Dividend Growth ETF in the third quarter valued at $65,915,000. MML Investors Services LLC boosted its stake in shares of iShares Core Dividend Growth ETF by 25.9% during the second quarter. MML Investors Services LLC now owns 4,534,983 shares of the company’s stock valued at $289,967,000 after acquiring an additional 934,207 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in shares of iShares Core Dividend Growth ETF by 10.4% during the fourth quarter. Wells Fargo & Company MN now owns 7,050,627 shares of the company’s stock valued at $489,454,000 after acquiring an additional 665,808 shares during the last quarter.
iShares Core Dividend Growth ETF Stock Performance
iShares Core Dividend Growth ETF stock opened at $74.82 on Friday. The stock has a 50-day moving average price of $73.91 and a 200 day moving average price of $72.11. iShares Core Dividend Growth ETF has a 52 week low of $62.05 and a 52 week high of $76.07. The stock has a market cap of $40.26 billion, a PE ratio of 19.66 and a beta of 0.77.
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.
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