Truvestments Capital LLC Takes $28,000 Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Truvestments Capital LLC purchased a new stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the third quarter, HoldingsChannel.com reports. The firm purchased 440 shares of the company’s stock, valued at approximately $28,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DGRO. Strategic Financial Concepts LLC boosted its stake in shares of iShares Core Dividend Growth ETF by 1,953.2% during the 2nd 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 during the last quarter. LPL Financial LLC grew its holdings in iShares Core Dividend Growth ETF by 8.8% during the 2nd quarter. LPL Financial LLC now owns 12,950,815 shares of the company’s stock worth $746,096,000 after acquiring an additional 1,047,837 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 2nd quarter worth about $45,148,000. Smith Anglin Financial LLC raised its stake in shares of iShares Core Dividend Growth ETF by 78.4% in the 3rd quarter. Smith Anglin Financial LLC now owns 1,346,692 shares of the company’s stock valued at $84,424,000 after purchasing an additional 591,701 shares in the last quarter. Finally, Summit Investment Advisory Services LLC bought a new position in shares of iShares Core Dividend Growth ETF during the third quarter worth about $23,432,000.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA:DGRO opened at $64.72 on Friday. The stock has a 50-day simple moving average of $63.08 and a 200 day simple moving average of $60.49. iShares Core Dividend Growth ETF has a one year low of $51.03 and a one year high of $65.03. The company has a market capitalization of $30.64 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71.

iShares Core Dividend Growth ETF Company 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.