Ring Mountain Capital LLC purchased a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 50,751 shares of the company’s stock, valued at approximately $3,113,000. iShares Core Dividend Growth ETF makes up approximately 2.1% of Ring Mountain Capital LLC’s investment portfolio, making the stock its 13th largest position.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Ulland Investment Advisors LLC bought a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth approximately $27,000. Truvestments Capital LLC bought a new position in shares of iShares Core Dividend Growth ETF in the third quarter worth approximately $28,000. Y.D. More Investments Ltd bought a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth approximately $33,000. Synergy Investment Management LLC bought a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth approximately $37,000. Finally, Tompkins Financial Corp bought a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth approximately $41,000.
iShares Core Dividend Growth ETF Trading Down 0.7 %
DGRO stock opened at $63.66 on Tuesday. The company’s 50 day moving average is $62.79 and its 200 day moving average is $62.70. The stock has a market cap of $31.19 billion, a price-to-earnings ratio of 22.22 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.
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