PNC Financial Services Group Inc. Cuts Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

PNC Financial Services Group Inc. lowered its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 1.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,690,344 shares of the company’s stock after selling 152,078 shares during the period. PNC Financial Services Group Inc. owned 1.62% of iShares Core Dividend Growth ETF worth $471,726,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DGRO. Ashton Thomas Private Wealth LLC boosted its stake in iShares Core Dividend Growth ETF by 7.3% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 4,186 shares of the company’s stock valued at $257,000 after purchasing an additional 286 shares during the last quarter. Freestone Capital Holdings LLC boosted its stake in iShares Core Dividend Growth ETF by 1.6% during the 4th quarter. Freestone Capital Holdings LLC now owns 15,697 shares of the company’s stock valued at $963,000 after purchasing an additional 243 shares during the last quarter. Opulen Financial Group LLC purchased a new stake in iShares Core Dividend Growth ETF during the 4th quarter valued at $1,213,000. Lindbrook Capital LLC boosted its stake in iShares Core Dividend Growth ETF by 41.8% during the 4th quarter. Lindbrook Capital LLC now owns 1,956 shares of the company’s stock valued at $120,000 after purchasing an additional 577 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in iShares Core Dividend Growth ETF during the 4th quarter valued at $616,824,000.

iShares Core Dividend Growth ETF Trading Up 1.1 %

Shares of DGRO opened at $63.31 on Friday. The business’s fifty day simple moving average is $62.86 and its two-hundred day simple moving average is $62.74. iShares Core Dividend Growth ETF has a 12 month low of $55.08 and a 12 month high of $65.08. The company has a market cap of $31.02 billion, a price-to-earnings ratio of 22.22 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.