Red Crane Wealth Management LLC Takes Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Red Crane Wealth Management LLC acquired a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 4th quarter, Holdings Channel reports. The firm acquired 26,382 shares of the company’s stock, valued at approximately $1,618,000. iShares Core Dividend Growth ETF accounts for 1.5% of Red Crane Wealth Management LLC’s holdings, making the stock its 23rd largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Strategic Financial Concepts LLC increased its position in iShares Core Dividend Growth ETF by 5,922.8% in the fourth quarter. Strategic Financial Concepts LLC now owns 1,334,049 shares of the company’s stock worth $81,831,000 after buying an additional 1,311,899 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the fourth quarter worth about $44,389,000. MML Investors Services LLC increased its stake in iShares Core Dividend Growth ETF by 20.4% in the 3rd quarter. MML Investors Services LLC now owns 3,796,963 shares of the company’s stock worth $238,032,000 after acquiring an additional 644,193 shares during the last quarter. LPL Financial LLC increased its stake in iShares Core Dividend Growth ETF by 3.2% in the 3rd quarter. LPL Financial LLC now owns 13,363,898 shares of the company’s stock worth $837,783,000 after acquiring an additional 413,083 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of iShares Core Dividend Growth ETF by 171.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 386,293 shares of the company’s stock valued at $23,657,000 after purchasing an additional 243,893 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Up 0.3 %

DGRO stock opened at $63.89 on Wednesday. iShares Core Dividend Growth ETF has a 52 week low of $55.08 and a 52 week high of $65.08. The firm has a market capitalization of $30.25 billion, a P/E ratio of 19.25 and a beta of 0.71. The company has a fifty day simple moving average of $62.62 and a two-hundred day simple moving average of $62.61.

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.