Envestnet Asset Management Inc. Has $841.26 Million Holdings in iShares Core Dividend Growth ETF $DGRO
by Jessica Moore · The Cerbat GemEnvestnet Asset Management Inc. boosted its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Free Report) by 4.4% in the second quarter, Holdings Channel.com reports. The firm owned 11,099,887 shares of the company’s stock after acquiring an additional 472,809 shares during the period. Envestnet Asset Management Inc.’s holdings in iShares Core Dividend Growth ETF were worth $841,260,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Auto Owners Insurance Co grew its holdings 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 worth $332,280,000 after buying an additional 47,350,590 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 3.3% in the fourth quarter. LPL Financial LLC now owns 18,763,346 shares of the company’s stock valued at $1,302,551,000 after purchasing an additional 595,710 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 25.1% in the first quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock valued at $1,222,936,000 after purchasing an additional 3,494,469 shares during the last quarter. Royal Bank of Canada lifted its position in shares of iShares Core Dividend Growth ETF by 1.2% in the first quarter. Royal Bank of Canada now owns 8,230,843 shares of the company’s stock worth $577,641,000 after purchasing an additional 93,718 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of iShares Core Dividend Growth ETF by 7.4% in the first quarter. Cetera Investment Advisers now owns 3,324,499 shares of the company’s stock worth $233,313,000 after purchasing an additional 228,446 shares in the last quarter.
iShares Core Dividend Growth ETF Price Performance
DGRO stock traded down $0.44 during midday trading on Wednesday, hitting $76.51. The company’s stock had a trading volume of 1,509,412 shares, compared to its average volume of 1,874,542. The company’s fifty day moving average price is $78.55 and its 200 day moving average price is $75.22. iShares Core Dividend Growth ETF has a twelve month low of $66.92 and a twelve month high of $80.58. The stock has a market capitalization of $42.72 billion, a P/E ratio of 19.66 and a beta of 0.76.
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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