Kinetic Wealth Investment Advisors LLC Makes New $50.63 Million Investment in iShares Core Dividend Growth ETF $DGRO

Kinetic Wealth Investment Advisors LLC bought a new stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 668,090 shares of the company’s stock, valued at approximately $50,635,000. iShares Core Dividend Growth ETF accounts for about 23.7% of Kinetic Wealth Investment Advisors LLC’s portfolio, making the stock its 2nd largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Opulen Financial Group LLC grew its stake in iShares Core Dividend Growth ETF by 0.7% during the 4th quarter. Opulen Financial Group LLC now owns 19,879 shares of the company’s stock worth $1,380,000 after buying an additional 136 shares during the last quarter. Investor s Fiduciary Advisor Network LLC lifted its stake in iShares Core Dividend Growth ETF by 0.6% in the second quarter. Investor s Fiduciary Advisor Network LLC now owns 22,102 shares of the company’s stock valued at $1,675,000 after buying an additional 136 shares during the last quarter. Sharp Wealth Advisory LLC boosted its holdings in shares of iShares Core Dividend Growth ETF by 4.3% in the first quarter. Sharp Wealth Advisory LLC now owns 3,361 shares of the company’s stock valued at $236,000 after acquiring an additional 139 shares during the period. Sanchez Wealth Management Group boosted its holdings in shares of iShares Core Dividend Growth ETF by 3.3% in the fourth quarter. Sanchez Wealth Management Group now owns 5,071 shares of the company’s stock valued at $352,000 after acquiring an additional 162 shares during the period. Finally, Objective Capital Management LLC grew its position in shares of iShares Core Dividend Growth ETF by 0.5% during the fourth quarter. Objective Capital Management LLC now owns 33,749 shares of the company’s stock worth $2,343,000 after acquiring an additional 168 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

Shares of iShares Core Dividend Growth ETF stock opened at $79.13 on Tuesday. The firm’s fifty day simple moving average is $78.40 and its 200-day simple moving average is $74.91. iShares Core Dividend Growth ETF has a 12 month low of $66.62 and a 12 month high of $80.58. The stock has a market capitalization of $43.36 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76.

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.