Gallacher Capital Management LLC Decreases Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Gallacher Capital Management LLC cut its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,654 shares of the company’s stock after selling 1,516 shares during the period. iShares Core Dividend Growth ETF accounts for about 1.1% of Gallacher Capital Management LLC’s portfolio, making the stock its 16th largest position. Gallacher Capital Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $2,187,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth $616,824,000. Strategic Financial Concepts LLC increased its position in shares of iShares Core Dividend Growth ETF by 5,922.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,334,049 shares of the company’s stock valued at $81,831,000 after acquiring an additional 1,311,899 shares during the period. Jones Financial Companies Lllp raised its stake in iShares Core Dividend Growth ETF by 36.6% in 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. Stonebridge Financial Group LLC purchased a new position in iShares Core Dividend Growth ETF in the 4th quarter worth $44,389,000. Finally, Commonwealth Equity Services LLC lifted its position in iShares Core Dividend Growth ETF by 9.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,766,539 shares of the company’s stock worth $476,399,000 after acquiring an additional 673,044 shares during the period.

iShares Core Dividend Growth ETF Stock Performance

Shares of DGRO stock opened at $61.54 on Friday. iShares Core Dividend Growth ETF has a fifty-two week low of $55.08 and a fifty-two week high of $65.08. The firm has a market capitalization of $30.15 billion, a PE ratio of 22.22 and a beta of 0.89. The stock’s 50-day simple moving average is $62.91 and its 200-day simple moving average is $62.78.

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.