Riverbend Wealth Management LLC Takes $3.29 Million Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Riverbend Wealth Management LLC purchased a new stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 53,558 shares of the company’s stock, valued at approximately $3,289,000. iShares Core Dividend Growth ETF accounts for about 2.9% of Riverbend Wealth Management LLC’s holdings, making the stock its 6th largest holding.

A number of other institutional investors also recently bought and sold shares of DGRO. Raymond James Financial Inc. purchased a new position in shares of iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $616,824,000. Strategic Financial Concepts LLC boosted its holdings in iShares Core Dividend Growth ETF by 5,922.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,334,049 shares of the company’s stock valued at $81,831,000 after acquiring an additional 1,311,899 shares during the period. Jones Financial Companies Lllp grew its position in iShares Core Dividend Growth ETF by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,224,958 shares of the company’s stock valued at $259,159,000 after acquiring an additional 1,132,527 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in iShares Core Dividend Growth ETF in the fourth quarter worth $44,389,000. Finally, MML Investors Services LLC lifted its position in shares of iShares Core Dividend Growth ETF by 20.4% during the third quarter. MML Investors Services LLC now owns 3,796,963 shares of the company’s stock worth $238,032,000 after purchasing an additional 644,193 shares during the last quarter.

iShares Core Dividend Growth ETF Trading Down 1.3 %

Shares of DGRO opened at $62.47 on Tuesday. The firm has a fifty day moving average price of $62.89 and a 200-day moving average price of $62.79. The firm has a market capitalization of $30.61 billion, a P/E ratio of 22.22 and a beta of 0.89. iShares Core Dividend Growth ETF has a 12-month low of $55.08 and a 12-month 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.