Sheets Smith Wealth Management Reduces Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Sheets Smith Wealth Management lessened its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 18.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 53,758 shares of the company’s stock after selling 12,547 shares during the quarter. Sheets Smith Wealth Management’s holdings in iShares Core Dividend Growth ETF were worth $3,370,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Adell Harriman & Carpenter Inc. raised its holdings in shares of 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 worth $665,000 after acquiring an additional 170 shares during the period. Sheaff Brock Investment Advisors LLC raised its stake in iShares Core Dividend Growth ETF by 2.7% during the first quarter. Sheaff Brock Investment Advisors LLC now owns 7,086 shares of the company’s stock worth $411,000 after purchasing an additional 186 shares during the period. Alta Wealth Advisors LLC raised its stake in iShares Core Dividend Growth ETF by 2.6% during the third quarter. Alta Wealth Advisors LLC now owns 7,693 shares of the company’s stock worth $482,000 after purchasing an additional 194 shares during the period. HHM Wealth Advisors LLC grew its stake in shares of iShares Core Dividend Growth ETF by 5.7% in the 2nd quarter. HHM Wealth Advisors LLC now owns 3,730 shares of the company’s stock valued at $215,000 after buying an additional 200 shares during the period. Finally, Ausdal Financial Partners Inc. increased its holdings in shares of iShares Core Dividend Growth ETF by 0.8% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 27,434 shares of the company’s stock worth $1,580,000 after buying an additional 205 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

Shares of NYSEARCA DGRO opened at $64.15 on Friday. The company has a market capitalization of $30.37 billion, a P/E ratio of 19.25 and a beta of 0.71. The company has a 50 day simple moving average of $62.47 and a 200-day simple moving average of $59.84. iShares Core Dividend Growth ETF has a 1 year low of $49.08 and a 1 year high of $64.34.

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.