iShares Core Dividend Growth ETF $DGRO Shares Bought by Summit Financial LLC

Summit Financial LLC grew its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,699 shares of the company’s stock after purchasing an additional 10,596 shares during the quarter. Summit Financial LLC’s holdings in iShares Core Dividend Growth ETF were worth $11,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of DGRO. Tortoise Investment Management LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 89.5% during the third quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock worth $26,000 after purchasing an additional 179 shares in the last quarter. Ankerstar Wealth LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth about $26,000. Group One Trading LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the third quarter worth about $28,000. Strategic Wealth Investment Group LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the second quarter worth about $29,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth about $31,000.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA:DGRO opened at $75.91 on Friday. iShares Core Dividend Growth ETF has a one year low of $62.05 and a one year high of $76.06. The business’s 50-day simple moving average is $73.46 and its 200 day simple moving average is $71.90. The stock has a market cap of $40.85 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77.

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.