Freedom Investment Management Inc. Has $10.07 Million Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

by · The Cerbat Gem

Freedom Investment Management Inc. lessened its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Free Report) by 8.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 160,684 shares of the company’s stock after selling 15,319 shares during the quarter. iShares Core Dividend Growth ETF makes up 0.8% of Freedom Investment Management Inc.’s holdings, making the stock its 24th largest position. Freedom Investment Management Inc.’s holdings in iShares Core Dividend Growth ETF were worth $10,073,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DGRO. Cetera Investment Advisers raised its holdings in shares of iShares Core Dividend Growth ETF by 319.5% during the first quarter. Cetera Investment Advisers now owns 1,922,423 shares of the company’s stock worth $111,616,000 after acquiring an additional 1,464,167 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings in iShares Core Dividend Growth ETF by 1,953.2% during the second quarter. Strategic Financial Concepts LLC now owns 1,285,983 shares of the company’s stock valued at $741,000 after buying an additional 1,223,349 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares Core Dividend Growth ETF by 8.8% in the second quarter. LPL Financial LLC now owns 12,950,815 shares of the company’s stock worth $746,096,000 after buying an additional 1,047,837 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares Core Dividend Growth ETF during the 2nd quarter worth about $45,148,000. Finally, Smith Anglin Financial LLC boosted its position in shares of iShares Core Dividend Growth ETF by 78.4% in the third quarter. Smith Anglin Financial LLC now owns 1,346,692 shares of the company’s stock valued at $84,424,000 after acquiring an additional 591,701 shares during the period.

iShares Core Dividend Growth ETF Price Performance

NYSEARCA:DGRO opened at $64.75 on Wednesday. The company has a fifty day moving average price of $62.98 and a 200 day moving average price of $60.41. iShares Core Dividend Growth ETF has a one year low of $51.03 and a one year high of $64.85. The stock has a market cap of $30.66 billion, a P/E ratio of 19.25 and a beta of 0.71.

iShares Core Dividend Growth ETF Profile

(Free Report)

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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