Towercrest Capital Management Makes New Investment in iShares Core Dividend Growth ETF $DGRO

Towercrest Capital Management acquired a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 96,159 shares of the company’s stock, valued at approximately $7,250,000. iShares Core Dividend Growth ETF makes up approximately 1.0% of Towercrest Capital Management’s holdings, making the stock its 27th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Capital Investment Advisors LLC purchased a new position in shares of iShares Core Dividend Growth ETF in the 3rd quarter worth approximately $645,925,000. Wealthfront Advisers LLC increased its position in shares of iShares Core Dividend Growth ETF by 25.1% during the 1st quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock valued at $1,222,936,000 after purchasing an additional 3,494,469 shares during the last quarter. Avior Wealth Management LLC purchased a new stake in iShares Core Dividend Growth ETF during the 3rd quarter valued at $163,214,000. Ledyard National Bank purchased a new stake in iShares Core Dividend Growth ETF during the 3rd quarter valued at $92,301,000. Finally, Fifth Third Bancorp raised its holdings in iShares Core Dividend Growth ETF by 4,352.0% during the 1st quarter. Fifth Third Bancorp now owns 756,216 shares of the company’s stock valued at $53,071,000 after buying an additional 739,230 shares during the period.

iShares Core Dividend Growth ETF Stock Down 0.8%

DGRO traded down $0.64 during trading on Friday, reaching $79.65. The company had a trading volume of 1,362,941 shares, compared to its average volume of 1,832,466. The stock has a market cap of $44.40 billion, a P/E ratio of 19.66 and a beta of 0.76. The business has a 50 day simple moving average of $78.06 and a 200-day simple moving average of $76.32. iShares Core Dividend Growth ETF has a 52 week low of $67.14 and a 52 week high of $80.58.

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.