Envestnet Asset Management Inc. Trims Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Envestnet Asset Management Inc. lessened its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 7.0% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,660,671 shares of the company’s stock after selling 802,770 shares during the period. Envestnet Asset Management Inc. owned 2.25% of iShares Core Dividend Growth ETF worth $653,926,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DGRO. LPL Financial LLC lifted its stake in iShares Core Dividend Growth ETF by 10.4% in the 4th quarter. LPL Financial LLC now owns 14,756,281 shares of the company’s stock worth $905,150,000 after purchasing an additional 1,392,383 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in iShares Core Dividend Growth ETF in the fourth quarter worth about $616,824,000. Commonwealth Equity Services LLC increased its holdings in shares of iShares Core Dividend Growth ETF by 9.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,766,539 shares of the company’s stock valued at $476,399,000 after acquiring an additional 673,044 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 2.5% during the 4th quarter. Capital Investment Advisors LLC now owns 7,495,566 shares of the company’s stock valued at $459,778,000 after purchasing an additional 180,448 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of iShares Core Dividend Growth ETF by 17.7% during the fourth quarter. Wells Fargo & Company MN now owns 6,198,943 shares of the company’s stock valued at $380,243,000 after buying an additional 932,713 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

NYSEARCA DGRO opened at $56.43 on Friday. The company has a fifty day moving average of $62.69 and a 200 day moving average of $62.76. The company has a market capitalization of $27.77 billion, a PE ratio of 20.41 and a beta of 0.86. 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.