Philip James Wealth Mangement LLC Decreases Stake in iShares Core Dividend Growth ETF $DGRO

Philip James Wealth Mangement LLC trimmed its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 8.4% in the third quarter, Holdings Channel reports. The institutional investor owned 189,246 shares of the company’s stock after selling 17,340 shares during the quarter. iShares Core Dividend Growth ETF accounts for approximately 1.5% of Philip James Wealth Mangement LLC’s investment portfolio, making the stock its 12th biggest holding. Philip James Wealth Mangement LLC’s holdings in iShares Core Dividend Growth ETF were worth $12,884,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Proathlete Wealth Management LLC bought a new position in shares of iShares Core Dividend Growth ETF in the second quarter worth $25,000. Private Wealth Asset Management LLC bought a new position in iShares Core Dividend Growth ETF during the second quarter valued at approximately $28,000. Strategic Wealth Investment Group LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the second quarter worth approximately $29,000. Keystone Global Partners LLC bought a new position in shares of iShares Core Dividend Growth ETF during the 2nd quarter valued at $30,000. Finally, Advantage Trust Co purchased a new position in iShares Core Dividend Growth ETF in the 2nd quarter worth $32,000.

iShares Core Dividend Growth ETF Stock Up 0.5%

Shares of NYSEARCA DGRO opened at $70.97 on Friday. The company has a market cap of $36.78 billion, a price-to-earnings ratio of 19.66 and a beta of 0.84. The firm’s fifty day moving average is $69.24 and its 200 day moving average is $67.47. iShares Core Dividend Growth ETF has a 52 week low of $54.09 and a 52 week high of $71.12.

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.