Meridian Financial Partners LLC Increases Stock Holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Meridian Financial Partners LLC increased its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 349,463 shares of the company’s stock after purchasing an additional 26,627 shares during the quarter. iShares Core Dividend Growth ETF accounts for 11.3% of Meridian Financial Partners LLC’s portfolio, making the stock its 2nd largest position. Meridian Financial Partners LLC owned about 0.07% of iShares Core Dividend Growth ETF worth $21,436,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in DGRO. Sanctuary Advisors LLC purchased a new stake in iShares Core Dividend Growth ETF during the second quarter valued at approximately $45,148,000. MML Investors Services LLC grew its position in shares of iShares Core Dividend Growth ETF by 20.4% during the 3rd quarter. MML Investors Services LLC now owns 3,796,963 shares of the company’s stock valued at $238,032,000 after acquiring an additional 644,193 shares during the period. Smith Anglin Financial LLC increased 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 worth $84,424,000 after purchasing an additional 591,701 shares in the last quarter. LPL Financial LLC raised its holdings in iShares Core Dividend Growth ETF by 3.2% in the 3rd quarter. LPL Financial LLC now owns 13,363,898 shares of the company’s stock worth $837,783,000 after purchasing an additional 413,083 shares during the period. Finally, Summit Investment Advisory Services LLC purchased a new position in iShares Core Dividend Growth ETF during the third quarter valued at $23,432,000.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA:DGRO opened at $61.28 on Wednesday. The stock has a 50-day simple moving average of $62.87 and a two-hundred day simple moving average of $61.65. The firm has a market capitalization of $29.01 billion, a PE ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 52-week low of $53.11 and a 52-week high of $65.08.

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.