West Michigan Advisors LLC Takes $269,000 Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

West Michigan Advisors LLC bought a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,381 shares of the company’s stock, valued at approximately $269,000.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC lifted its stake in 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 worth $837,783,000 after acquiring an additional 413,083 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of iShares Core Dividend Growth ETF by 1.4% in the third quarter. PNC Financial Services Group Inc. now owns 7,842,422 shares of the company’s stock worth $491,641,000 after purchasing an additional 108,051 shares in the last quarter. Capital Investment Advisors LLC boosted its holdings in shares of iShares Core Dividend Growth ETF by 2.5% during the fourth quarter. Capital Investment Advisors LLC now owns 7,495,566 shares of the company’s stock worth $459,778,000 after purchasing an additional 180,448 shares during the period. MML Investors Services LLC boosted its holdings in shares of 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 purchasing an additional 644,193 shares during the period. Finally, JPMorgan Chase & Co. grew its position 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 valued at $207,189,000 after purchasing an additional 130,763 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Performance

iShares Core Dividend Growth ETF stock opened at $64.12 on Friday. The firm’s 50 day moving average price is $62.79 and its two-hundred day moving average price is $62.68. The firm has a market cap of $31.42 billion, a PE ratio of 22.22 and a beta of 0.89. iShares Core Dividend Growth ETF has a twelve month low of $55.08 and a twelve month high of $65.08.

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.