Arrowroot Family Office LLC Buys New Stake in iShares Core Dividend Growth ETF $DGRO

Arrowroot Family Office LLC bought a new stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 2nd quarter, Holdings Channel.com reports. The firm bought 7,023 shares of the company’s stock, valued at approximately $449,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 6.4% during the 1st quarter. LPL Financial LLC now owns 15,697,592 shares of the company’s stock valued at $969,797,000 after acquiring an additional 941,311 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Core Dividend Growth ETF by 42.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,535,976 shares of the company’s stock valued at $865,424,000 after acquiring an additional 4,028,341 shares in the last quarter. Raymond James Financial Inc. lifted its holdings in shares of iShares Core Dividend Growth ETF by 1.7% during the 1st quarter. Raymond James Financial Inc. now owns 10,230,233 shares of the company’s stock valued at $632,024,000 after acquiring an additional 174,417 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 3.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 7,996,206 shares of the company’s stock valued at $494,006,000 after acquiring an additional 229,667 shares in the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 3.3% during the 2nd quarter. Capital Investment Advisors LLC now owns 7,961,214 shares of the company’s stock valued at $509,040,000 after acquiring an additional 257,838 shares in the last quarter.

iShares Core Dividend Growth ETF Price Performance

iShares Core Dividend Growth ETF stock opened at $67.54 on Wednesday. iShares Core Dividend Growth ETF has a 12-month low of $54.09 and a 12-month high of $69.20. The company has a market capitalization of $34.26 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84. The firm’s fifty day moving average price is $67.76 and its 200 day moving average price is $64.87.

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.