Riggs Capital Management LLC Makes New $1.06 Million Investment in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Riggs Capital Management LLC acquired a new stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,353 shares of the company’s stock, valued at approximately $1,064,000. iShares Core Dividend Growth ETF comprises about 1.0% of Riggs Capital Management LLC’s portfolio, making the stock its 28th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DGRO. Hoey Investments Inc. bought a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter valued at about $101,000. FSB Premier Wealth Management Inc. lifted its holdings in shares of iShares Core Dividend Growth ETF by 15.0% in the fourth quarter. FSB Premier Wealth Management Inc. now owns 5,990 shares of the company’s stock valued at $367,000 after purchasing an additional 783 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in iShares Core Dividend Growth ETF by 18.8% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 19,108 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,024 shares in the last quarter. CIBC Private Wealth Group LLC increased its position in shares of iShares Core Dividend Growth ETF by 18.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 23,343 shares of the company’s stock worth $1,433,000 after purchasing an additional 3,591 shares during the last quarter. Finally, Sanctuary Wealth Management L.L.C. lifted its stake in iShares Core Dividend Growth ETF by 12.7% in the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 3,087 shares of the company’s stock valued at $189,000 after purchasing an additional 349 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

Shares of DGRO opened at $61.15 on Monday. iShares Core Dividend Growth ETF has a fifty-two week low of $55.08 and a fifty-two week high of $65.08. The company’s 50-day moving average is $62.97 and its 200-day moving average is $62.82. The firm has a market capitalization of $29.97 billion, a PE ratio of 21.26 and a beta of 0.89.

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.