Independent Financial Group LLC Buys Shares of 45,524 iShares Core Dividend Growth ETF $DGRO

Independent Financial Group LLC purchased a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 45,524 shares of the company’s stock, valued at approximately $3,195,000.

A number of other large investors also recently modified their holdings of the business. Auto Owners Insurance Co raised its stake in shares of iShares Core Dividend Growth ETF by 9,203.2% during the fourth quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock valued at $332,280,000 after purchasing an additional 47,350,590 shares in the last quarter. Wealthfront Advisers LLC grew its position in iShares Core Dividend Growth ETF by 25.1% in the 1st quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock valued at $1,222,936,000 after buying an additional 3,494,469 shares in the last quarter. Royal Bank of Canada grew its position in iShares Core Dividend Growth ETF by 24.0% in the 4th quarter. Royal Bank of Canada now owns 8,137,125 shares of the company’s stock valued at $564,879,000 after buying an additional 1,576,241 shares in the last quarter. Quotient Wealth Partners LLC bought a new position in iShares Core Dividend Growth ETF in the 1st quarter valued at about $85,806,000. Finally, SHP Wealth Management acquired a new position in iShares Core Dividend Growth ETF during the 4th quarter valued at about $84,235,000.

iShares Core Dividend Growth ETF Trading Down 0.6%

DGRO stock opened at $77.14 on Friday. iShares Core Dividend Growth ETF has a 52 week low of $63.76 and a 52 week high of $78.17. The company has a market capitalization of $42.13 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77. The firm’s 50-day moving average is $75.38 and its two-hundred day moving average is $73.05.

iShares Core Dividend Growth ETF Company 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.