iShares Core Dividend Growth ETF (NYSEARCA:DGRO) is Monterey Private Wealth Inc.’s 8th Largest Position

Monterey Private Wealth Inc. lessened its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 4.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 144,363 shares of the company’s stock after selling 7,318 shares during the quarter. iShares Core Dividend Growth ETF comprises 2.9% of Monterey Private Wealth Inc.’s holdings, making the stock its 8th largest position. Monterey Private Wealth Inc.’s holdings in iShares Core Dividend Growth ETF were worth $8,855,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Ulland Investment Advisors LLC bought a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter worth $27,000. Truvestments Capital LLC purchased a new position in iShares Core Dividend Growth ETF during the 3rd quarter valued at about $28,000. Tompkins Financial Corp bought a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at about $41,000. SWAN Capital LLC purchased a new stake in shares of iShares Core Dividend Growth ETF in the 3rd quarter worth approximately $50,000. Finally, Bfsg LLC bought a new position in shares of iShares Core Dividend Growth ETF during the third quarter valued at approximately $61,000.

iShares Core Dividend Growth ETF Stock Up 0.5 %

Shares of DGRO stock opened at $62.59 on Tuesday. The firm has a market cap of $29.63 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 52-week low of $53.18 and a 52-week high of $65.08. The company’s 50 day moving average is $62.74 and its 200 day moving average is $61.78.

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.