Motley Fool Wealth Management LLC Boosts Position in iShares Core Dividend Growth ETF $DGRO

Motley Fool Wealth Management LLC raised its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 107.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,054 shares of the company’s stock after buying an additional 8,838 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $1,184,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Tortoise Investment Management LLC grew its holdings in iShares Core Dividend Growth ETF by 89.5% during the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after buying an additional 179 shares in the last quarter. Group One Trading LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the third quarter worth about $28,000. Strategic Wealth Investment Group LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the second quarter worth about $29,000. Independence Bank of Kentucky grew its holdings in shares of iShares Core Dividend Growth ETF by 80.7% during the fourth quarter. Independence Bank of Kentucky now owns 506 shares of the company’s stock worth $35,000 after purchasing an additional 226 shares in the last quarter. Finally, Kingdom Financial Group LLC. purchased a new position in shares of iShares Core Dividend Growth ETF during the fourth quarter worth about $37,000.

iShares Core Dividend Growth ETF Trading Down 0.8%

Shares of NYSEARCA DGRO opened at $74.74 on Thursday. iShares Core Dividend Growth ETF has a 12 month low of $62.05 and a 12 month high of $75.84. The firm has a market capitalization of $40.22 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77. The business has a 50-day moving average of $73.24 and a 200-day moving average of $71.82.

iShares Core Dividend Growth ETF 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.