Kapstone Financial Advisors LLC Cuts Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Kapstone Financial Advisors LLC decreased its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,492 shares of the company’s stock after selling 1,558 shares during the quarter. iShares Core Dividend Growth ETF makes up about 1.1% of Kapstone Financial Advisors LLC’s portfolio, making the stock its 18th biggest holding. Kapstone Financial Advisors LLC’s holdings in iShares Core Dividend Growth ETF were worth $1,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raleigh Capital Management Inc. acquired a new stake in shares of iShares Core Dividend Growth ETF in the third quarter valued at approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the third quarter valued at approximately $27,000. Phillips Financial Management LLC acquired a new stake in shares of iShares Core Dividend Growth ETF in the third quarter valued at approximately $37,000. Parkside Financial Bank & Trust acquired a new stake in shares of iShares Core Dividend Growth ETF during the fourth quarter worth $45,000. Finally, Versant Capital Management Inc acquired a new stake in shares of iShares Core Dividend Growth ETF during the fourth quarter worth $46,000.

iShares Core Dividend Growth ETF Stock Down 0.1 %

Shares of NYSEARCA DGRO traded down $0.08 during mid-day trading on Friday, hitting $56.34. 1,020,871 shares of the company were exchanged, compared to its average volume of 1,582,757. The stock has a 50 day simple moving average of $56.64 and a 200-day simple moving average of $53.77. The firm has a market cap of $26.53 billion, a price-to-earnings ratio of 18.84 and a beta of 0.89. iShares Core Dividend Growth ETF has a 1-year low of $47.19 and a 1-year high of $58.19.

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.