Summit Financial Wealth Advisors LLC Makes New Investment in iShares Core Dividend Growth ETF $DGRO

Summit Financial Wealth Advisors LLC purchased a new stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 19,131 shares of the company’s stock, valued at approximately $1,442,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DGRO. Envestnet Asset Management Inc. lifted its stake in iShares Core Dividend Growth ETF by 4.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 11,099,887 shares of the company’s stock worth $841,260,000 after purchasing an additional 472,809 shares in the last quarter. Ferguson Wellman Capital Management Inc. bought a new position in iShares Core Dividend Growth ETF in the 3rd quarter valued at $1,249,000. Accel Wealth Management grew its position in shares of iShares Core Dividend Growth ETF by 6.6% during the 2nd quarter. Accel Wealth Management now owns 258,988 shares of the company’s stock valued at $19,629,000 after purchasing an additional 15,988 shares in the last quarter. Ameritas Advisory Services LLC grew its position in shares of iShares Core Dividend Growth ETF by 538.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 135,126 shares of the company’s stock valued at $10,241,000 after purchasing an additional 113,961 shares in the last quarter. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of iShares Core Dividend Growth ETF by 84.2% in the second quarter. Concurrent Investment Advisors LLC now owns 197,951 shares of the company’s stock worth $15,003,000 after purchasing an additional 90,503 shares during the period.

iShares Core Dividend Growth ETF Stock Up 0.9%

NYSEARCA:DGRO traded up $0.67 during trading hours on Thursday, hitting $78.61. 920,535 shares of the company’s stock traded hands, compared to its average volume of 1,837,078. iShares Core Dividend Growth ETF has a 52 week low of $67.14 and a 52 week high of $80.58. The business’s fifty day simple moving average is $78.13 and its two-hundred day simple moving average is $75.90. The firm has a market cap of $43.81 billion, a P/E ratio of 19.66 and a beta of 0.76.

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.