Sovereign Financial Group Inc. Reduces Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Sovereign Financial Group Inc. cut its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 37.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,503 shares of the company’s stock after selling 6,258 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares Core Dividend Growth ETF were worth $565,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. First Command Advisory Services Inc. grew its position in iShares Core Dividend Growth ETF by 638.9% during the third quarter. First Command Advisory Services Inc. now owns 1,596,372 shares of the company’s stock valued at $79,077,000 after acquiring an additional 1,380,322 shares during the last quarter. Wealthfront Advisers LLC grew its position in iShares Core Dividend Growth ETF by 42.1% during the third quarter. Wealthfront Advisers LLC now owns 4,153,422 shares of the company’s stock valued at $205,719,000 after acquiring an additional 1,231,332 shares during the last quarter. American Trust grew its position in iShares Core Dividend Growth ETF by 78.8% during the third quarter. American Trust now owns 1,986,876 shares of the company’s stock valued at $98,410,000 after acquiring an additional 875,601 shares during the last quarter. Raymond James & Associates boosted its stake in shares of iShares Core Dividend Growth ETF by 39.8% during the fourth quarter. Raymond James & Associates now owns 2,514,004 shares of the company’s stock valued at $135,304,000 after purchasing an additional 715,487 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $38,154,000.

iShares Core Dividend Growth ETF Trading Up 0.4 %

Shares of NYSEARCA:DGRO traded up $0.20 during trading on Tuesday, reaching $57.01. 1,710,675 shares of the company traded hands, compared to its average volume of 1,592,427. The firm has a market capitalization of $26.99 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 52-week low of $47.19 and a 52-week high of $58.19. The business’s fifty day moving average is $56.69 and its 200-day moving average is $54.11.

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.