Brown Miller Wealth Management LLC Purchases Shares of 62,119 iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Brown Miller Wealth Management LLC bought a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the fourth quarter, HoldingsChannel reports. The firm bought 62,119 shares of the company’s stock, valued at approximately $3,343,000. iShares Core Dividend Growth ETF accounts for 1.7% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding.

A number of other institutional investors also recently bought and sold shares of the stock. Raleigh Capital Management Inc. bought a new position in shares of iShares Core Dividend Growth ETF during the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in iShares Core Dividend Growth ETF in the 3rd quarter worth approximately $27,000. Benjamin Edwards Inc. raised its holdings in iShares Core Dividend Growth ETF by 151.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 573 shares of the company’s stock worth $30,000 after acquiring an additional 345 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in iShares Core Dividend Growth ETF in the 2nd quarter worth approximately $33,000. Finally, Phillips Financial Management LLC purchased a new position in iShares Core Dividend Growth ETF in the 3rd quarter worth approximately $37,000.

iShares Core Dividend Growth ETF Price Performance

NYSEARCA DGRO traded up $0.18 during mid-day trading on Thursday, reaching $58.06. The stock had a trading volume of 1,233,771 shares, compared to its average volume of 1,623,687. iShares Core Dividend Growth ETF has a 1 year low of $47.19 and a 1 year high of $58.19. The stock has a market cap of $26.87 billion, a PE ratio of 15.16 and a beta of 0.89. The company has a fifty day moving average price of $55.94 and a 200 day moving average price of $52.86.

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.