Demars Financial Group LLC Lowers Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Demars Financial Group LLC lowered its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 7.5% during the third quarter, Holdings Channel reports. The institutional investor owned 7,223 shares of the company’s stock after selling 583 shares during the period. Demars Financial Group LLC’s holdings in iShares Core Dividend Growth ETF were worth $453,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Objective Capital Management LLC purchased a new stake in iShares Core Dividend Growth ETF during the third quarter worth about $1,957,000. Verdence Capital Advisors LLC raised its position in iShares Core Dividend Growth ETF by 8.2% during the third quarter. Verdence Capital Advisors LLC now owns 39,679 shares of the company’s stock worth $2,487,000 after acquiring an additional 3,004 shares during the last quarter. Rovin Capital UT ADV raised its position in iShares Core Dividend Growth ETF by 19.6% during the third quarter. Rovin Capital UT ADV now owns 18,951 shares of the company’s stock worth $1,187,000 after acquiring an additional 3,112 shares during the last quarter. Beckerman Institutional LLC acquired a new position in iShares Core Dividend Growth ETF during the third quarter worth about $1,699,000. Finally, Philip James Wealth Mangement LLC raised its position in iShares Core Dividend Growth ETF by 2.6% during the third quarter. Philip James Wealth Mangement LLC now owns 201,588 shares of the company’s stock worth $12,638,000 after acquiring an additional 5,120 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

DGRO traded up $0.38 during midday trading on Friday, reaching $64.15. 1,904,827 shares of the company’s stock were exchanged, compared to its average volume of 1,432,165. The business’s 50-day moving average price is $62.47 and its 200 day moving average price is $59.82. The stock has a market capitalization of $30.37 billion, a PE ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 1-year low of $49.08 and a 1-year high of $64.34.

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.