Meridian Financial Partners LLC Acquires 8,993 Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Meridian Financial Partners LLC increased its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 3.1% in the first quarter, Holdings Channel reports. The institutional investor owned 297,323 shares of the company’s stock after buying an additional 8,993 shares during the period. iShares Core Dividend Growth ETF comprises 20.9% of Meridian Financial Partners LLC’s portfolio, making the stock its biggest holding. Meridian Financial Partners LLC’s holdings in iShares Core Dividend Growth ETF were worth $16,421,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Vima LLC bought a new position in shares of iShares Core Dividend Growth ETF during the fourth quarter worth about $25,000. Raleigh Capital Management Inc. bought a new position in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $26,000. Voisard Asset Management Group Inc. bought a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $27,000. Private Wealth Management Group LLC bought a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $36,000. Finally, Parkside Financial Bank & Trust bought a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $45,000.

iShares Core Dividend Growth ETF Stock Up 0.1 %

Shares of NYSEARCA DGRO traded up $0.03 during midday trading on Friday, hitting $57.61. 1,260,142 shares of the company’s stock were exchanged, compared to its average volume of 1,484,774. iShares Core Dividend Growth ETF has a 12 month low of $47.19 and a 12 month high of $58.61. The company’s 50 day moving average price is $57.35 and its 200 day moving average price is $56.06. The firm has a market capitalization of $27.28 billion, a PE ratio of 19.25 and a beta of 0.71.

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.