Brown Brothers Harriman & Co. Has $1.31 Million Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Brown Brothers Harriman & Co. raised its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 36.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,314 shares of the company’s stock after purchasing an additional 5,723 shares during the quarter. Brown Brothers Harriman & Co.’s holdings in iShares Core Dividend Growth ETF were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of DGRO. LPL Financial LLC lifted its stake in iShares Core Dividend Growth ETF by 10.4% in the 4th quarter. LPL Financial LLC now owns 14,756,281 shares of the company’s stock valued at $905,150,000 after purchasing an additional 1,392,383 shares during the last quarter. Raymond James Financial Inc. bought a new stake in iShares Core Dividend Growth ETF in the fourth quarter valued at approximately $616,824,000. Commonwealth Equity Services LLC lifted its position in shares of iShares Core Dividend Growth ETF by 9.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 7,766,539 shares of the company’s stock valued at $476,399,000 after buying an additional 673,044 shares during the last quarter. Capital Investment Advisors LLC boosted its stake in shares of iShares Core Dividend Growth ETF by 2.5% during the 4th quarter. Capital Investment Advisors LLC now owns 7,495,566 shares of the company’s stock worth $459,778,000 after acquiring an additional 180,448 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of iShares Core Dividend Growth ETF by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,224,958 shares of the company’s stock worth $259,159,000 after acquiring an additional 1,132,527 shares during the last quarter.

iShares Core Dividend Growth ETF Trading Down 1.2 %

DGRO opened at $61.15 on Monday. The stock’s fifty day simple moving average is $62.97 and its 200 day simple moving average is $62.82. iShares Core Dividend Growth ETF has a 1-year low of $55.08 and a 1-year high of $65.08. The stock has a market cap of $29.97 billion, a PE ratio of 21.26 and a beta of 0.89.

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.