Davidson Investment Advisors Cuts Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Davidson Investment Advisors trimmed its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 9.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 131,728 shares of the company’s stock after selling 13,942 shares during the quarter. Davidson Investment Advisors’ holdings in iShares Core Dividend Growth ETF were worth $8,080,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DGRO. Truvestments Capital LLC acquired a new position in iShares Core Dividend Growth ETF during the third quarter worth about $28,000. Ulland Investment Advisors LLC purchased a new stake in shares of iShares Core Dividend Growth ETF in the fourth quarter valued at approximately $27,000. Y.D. More Investments Ltd purchased a new stake in shares of iShares Core Dividend Growth ETF in the fourth quarter valued at approximately $33,000. Tompkins Financial Corp acquired a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter worth $41,000. Finally, SWAN Capital LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth $50,000.

iShares Core Dividend Growth ETF Trading Down 0.4 %

Shares of DGRO stock opened at $63.81 on Tuesday. iShares Core Dividend Growth ETF has a twelve month low of $55.08 and a twelve month high of $65.08. The company’s 50-day moving average price is $62.53 and its 200-day moving average price is $62.38. The stock has a market cap of $30.21 billion, a price-to-earnings 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.