Echo Wealth Management LLC Sells 17,407 Shares of iShares Core Dividend Growth ETF $DGRO

Echo Wealth Management LLC reduced its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 30.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 38,874 shares of the company’s stock after selling 17,407 shares during the period. iShares Core Dividend Growth ETF makes up 1.6% of Echo Wealth Management LLC’s investment portfolio, making the stock its 14th biggest position. Echo Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $2,728,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Powers Advisory Group LLC grew its stake in shares of iShares Core Dividend Growth ETF by 9.3% in the 1st quarter. Powers Advisory Group LLC now owns 295,478 shares of the company’s stock worth $20,737,000 after buying an additional 25,226 shares during the last quarter. Wealth Effects LLC boosted its position in shares of iShares Core Dividend Growth ETF by 5.2% during the first quarter. Wealth Effects LLC now owns 8,899 shares of the company’s stock valued at $625,000 after buying an additional 436 shares during the period. Piedmont Capital Management LLC NC bought a new position in shares of iShares Core Dividend Growth ETF during the 1st quarter worth $552,000. ADG Wealth Management Group LLC grew its position in shares of iShares Core Dividend Growth ETF by 4.9% in the 1st quarter. ADG Wealth Management Group LLC now owns 116,012 shares of the company’s stock worth $8,142,000 after buying an additional 5,409 shares during the last quarter. Finally, Decker Retirement Planning Inc. raised its stake in iShares Core Dividend Growth ETF by 4.7% in the 1st quarter. Decker Retirement Planning Inc. now owns 20,863 shares of the company’s stock worth $1,464,000 after acquiring an additional 941 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

Shares of NYSEARCA DGRO opened at $75.80 on Friday. iShares Core Dividend Growth ETF has a 12 month low of $63.36 and a 12 month high of $76.24. The firm’s 50 day simple moving average is $74.22 and its 200-day simple moving average is $72.31. The stock has a market capitalization of $40.79 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77.

iShares Core Dividend Growth ETF 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.