Raymond James & Associates Sells 43,374 Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Raymond James & Associates reduced its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 1.7% during the first quarter, HoldingsChannel reports. The firm owned 2,470,630 shares of the company’s stock after selling 43,374 shares during the period. Raymond James & Associates’ holdings in iShares Core Dividend Growth ETF were worth $143,445,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DGRO. First Command Advisory Services Inc. boosted its stake in shares of iShares Core Dividend Growth ETF by 638.9% in the 3rd quarter. First Command Advisory Services Inc. now owns 1,596,372 shares of the company’s stock valued at $79,077,000 after purchasing an additional 1,380,322 shares during the last quarter. Wealthfront Advisers LLC lifted its position in shares of iShares Core Dividend Growth ETF by 42.1% during the 3rd quarter. Wealthfront Advisers LLC now owns 4,153,422 shares of the company’s stock valued at $205,719,000 after acquiring an additional 1,231,332 shares during the period. American Trust lifted its position in shares of iShares Core Dividend Growth ETF by 78.8% during the 3rd quarter. American Trust now owns 1,986,876 shares of the company’s stock valued at $98,410,000 after acquiring an additional 875,601 shares during the period. International Assets Investment Management LLC acquired a new position in shares of iShares Core Dividend Growth ETF during the 4th quarter valued at $38,154,000. Finally, Comerica Bank acquired a new position in shares of iShares Core Dividend Growth ETF during the 3rd quarter valued at $30,527,000.

iShares Core Dividend Growth ETF Price Performance

Shares of iShares Core Dividend Growth ETF stock traded down $0.65 during trading on Tuesday, reaching $55.95. 1,399,324 shares of the company traded hands, compared to its average volume of 1,581,026. iShares Core Dividend Growth ETF has a 1-year low of $47.19 and a 1-year high of $58.19. The company has a 50 day moving average price of $56.66 and a 200-day moving average price of $53.88. The firm has a market capitalization of $26.34 billion, a PE ratio of 18.84 and a beta of 0.89.

iShares Core Dividend Growth ETF Company 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.