Fairway Financial LLC Invests $9.19 Million in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Fairway Financial LLC purchased a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 149,842 shares of the company’s stock, valued at approximately $9,191,000. iShares Core Dividend Growth ETF comprises about 8.4% of Fairway Financial LLC’s holdings, making the stock its 3rd biggest position.

A number of other large investors also recently modified their holdings of the business. Pasadena Private Wealth LLC lifted its position in iShares Core Dividend Growth ETF by 1.1% in the 4th quarter. Pasadena Private Wealth LLC now owns 15,236 shares of the company’s stock valued at $935,000 after purchasing an additional 161 shares during the last quarter. Lincoln Capital LLC lifted its position in iShares Core Dividend Growth ETF by 1.7% in the 4th quarter. Lincoln Capital LLC now owns 10,020 shares of the company’s stock valued at $615,000 after purchasing an additional 168 shares during the last quarter. Adell Harriman & Carpenter Inc. increased its stake in iShares Core Dividend Growth ETF by 1.6% during the 3rd quarter. Adell Harriman & Carpenter Inc. now owns 10,613 shares of the company’s stock valued at $665,000 after buying an additional 170 shares during the period. Empire Financial Management Company LLC increased its stake in iShares Core Dividend Growth ETF by 2.7% during the 3rd quarter. Empire Financial Management Company LLC now owns 6,459 shares of the company’s stock valued at $405,000 after buying an additional 171 shares during the period. Finally, Bluesphere Advisors LLC increased its stake in iShares Core Dividend Growth ETF by 2.8% during the 4th quarter. Bluesphere Advisors LLC now owns 6,499 shares of the company’s stock valued at $399,000 after buying an additional 177 shares during the period.

iShares Core Dividend Growth ETF Price Performance

Shares of DGRO opened at $64.26 on Friday. The firm’s 50 day moving average is $62.58 and its 200-day moving average is $62.44. The stock has a market capitalization of $30.42 billion, a P/E ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 12-month low of $55.08 and a 12-month high of $65.08.

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.