Maiden Cove Capital LLC Invests $2.25 Million in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Maiden Cove Capital LLC purchased a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,189 shares of the company’s stock, valued at approximately $2,252,000. iShares Core Dividend Growth ETF makes up approximately 4.5% of Maiden Cove Capital LLC’s investment portfolio, making the stock its 5th biggest holding.

A number of other institutional investors have also recently made changes to their positions in the company. Tsfg LLC grew its position in iShares Core Dividend Growth ETF by 104.1% in the second quarter. Tsfg LLC now owns 496 shares of the company’s stock worth $29,000 after acquiring an additional 253 shares in the last quarter. Bfsg LLC purchased a new stake in shares of iShares Core Dividend Growth ETF in the third quarter valued at $61,000. Quent Capital LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 49,900.0% in the 3rd quarter. Quent Capital LLC now owns 1,000 shares of the company’s stock worth $63,000 after acquiring an additional 998 shares during the last quarter. Ridgewood Investments LLC bought a new position in iShares Core Dividend Growth ETF during the 2nd quarter valued at about $68,000. Finally, Massmutual Trust Co. FSB ADV raised its position in iShares Core Dividend Growth ETF by 15.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 1,800 shares of the company’s stock worth $113,000 after purchasing an additional 246 shares during the period.

iShares Core Dividend Growth ETF Stock Performance

iShares Core Dividend Growth ETF stock traded up $0.38 during mid-day trading on Friday, hitting $64.15. The company’s stock had a trading volume of 1,904,827 shares, compared to its average volume of 1,432,165. iShares Core Dividend Growth ETF has a one year low of $49.08 and a one year high of $64.34. The stock has a market cap of $30.37 billion, a PE ratio of 19.25 and a beta of 0.71. The company has a 50 day moving average of $62.47 and a 200-day moving average of $59.84.

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.