Bernard Wealth Management Corp. Invests $482,000 in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Bernard Wealth Management Corp. bought a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, Holdings Channel.com reports. The firm bought 7,861 shares of the company’s stock, valued at approximately $482,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of America Corp DE raised its holdings in shares of iShares Core Dividend Growth ETF by 3.9% in the 4th quarter. Bank of America Corp DE now owns 18,265,578 shares of the company’s stock worth $1,120,411,000 after purchasing an additional 679,471 shares during the period. LPL Financial LLC raised its holdings in shares of 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 worth $905,150,000 after purchasing an additional 1,392,383 shares during the period. Raymond James Financial Inc. bought a new stake in shares of iShares Core Dividend Growth ETF in the 4th quarter worth approximately $616,824,000. Commonwealth Equity Services LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 9.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,766,539 shares of the company’s stock worth $476,399,000 after purchasing an additional 673,044 shares during the period. Finally, Wells Fargo & Company MN raised its holdings in shares of iShares Core Dividend Growth ETF by 17.7% in the 4th quarter. Wells Fargo & Company MN now owns 6,198,943 shares of the company’s stock worth $380,243,000 after purchasing an additional 932,713 shares during the period.

iShares Core Dividend Growth ETF Trading Down 0.3%

NYSEARCA:DGRO opened at $61.20 on Monday. The stock has a market capitalization of $30.44 billion, a PE ratio of 20.04 and a beta of 0.86. The firm’s 50 day moving average is $60.07 and its 200 day moving average is $61.96. iShares Core Dividend Growth ETF has a 12 month low of $54.09 and a 12 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.