McAdam LLC Acquires 386 Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

McAdam LLC boosted its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 4.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,890 shares of the company’s stock after purchasing an additional 386 shares during the period. McAdam LLC’s holdings in iShares Core Dividend Growth ETF were worth $545,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of 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 valued at $837,783,000 after purchasing an additional 413,083 shares during the period. PNC Financial Services Group Inc. boosted its stake in iShares Core Dividend Growth ETF by 1.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 7,842,422 shares of the company’s stock valued at $491,641,000 after buying an additional 108,051 shares in the last quarter. Capital Investment Advisors LLC grew its position in iShares Core Dividend Growth ETF by 2.5% in the fourth quarter. Capital Investment Advisors LLC now owns 7,495,566 shares of the company’s stock valued at $459,778,000 after acquiring an additional 180,448 shares during the period. MML Investors Services LLC raised its stake in iShares Core Dividend Growth ETF by 20.4% during the third quarter. MML Investors Services LLC now owns 3,796,963 shares of the company’s stock worth $238,032,000 after acquiring an additional 644,193 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in iShares Core Dividend Growth ETF by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 3,304,969 shares of the company’s stock worth $207,189,000 after acquiring an additional 130,763 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Performance

Shares of NYSEARCA:DGRO opened at $63.47 on Monday. The company’s fifty day moving average is $62.71 and its 200-day moving average is $62.07. iShares Core Dividend Growth ETF has a 52 week low of $54.31 and a 52 week high of $65.08. The company has a market capitalization of $30.05 billion, a PE ratio of 19.25 and a beta of 0.71.

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.