LPL Financial LLC Grows Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

LPL Financial LLC increased its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,756,281 shares of the company’s stock after buying an additional 1,392,383 shares during the period. LPL Financial LLC’s holdings in iShares Core Dividend Growth ETF were worth $905,150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Commerce Bank increased its position in iShares Core Dividend Growth ETF by 4.2% during the 3rd quarter. Commerce Bank now owns 7,539 shares of the company’s stock worth $473,000 after purchasing an additional 301 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $589,000. Concorde Asset Management LLC acquired a new stake in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $212,000. Nwam LLC acquired a new stake in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $241,000. Finally, Flagstar Advisors Inc. increased its position in iShares Core Dividend Growth ETF by 0.5% during the 3rd quarter. Flagstar Advisors Inc. now owns 249,902 shares of the company’s stock worth $15,666,000 after purchasing an additional 1,171 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Performance

DGRO opened at $61.52 on Friday. The firm has a 50 day moving average price of $62.97 and a 200 day moving average price of $62.78. The company has a market cap of $30.15 billion, a PE ratio of 21.26 and a beta of 0.89. iShares Core Dividend Growth ETF has a 1 year low of $55.08 and a 1 year high of $65.08.

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.