Provident Wealth Management LLC Sells 119,552 Shares of iShares Core Dividend Growth ETF $DGRO

Provident Wealth Management LLC lessened its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 28.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 302,126 shares of the company’s stock after selling 119,552 shares during the quarter. iShares Core Dividend Growth ETF comprises about 8.5% of Provident Wealth Management LLC’s investment portfolio, making the stock its 4th largest position. Provident Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $22,777,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC raised its position in iShares Core Dividend Growth ETF by 25.1% during the first quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock valued at $1,222,936,000 after buying an additional 3,494,469 shares during the period. 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 acquiring an additional 472,809 shares in the last quarter. Royal Bank of Canada lifted its stake in iShares Core Dividend Growth ETF by 1.2% in the 1st quarter. Royal Bank of Canada now owns 8,230,843 shares of the company’s stock worth $577,641,000 after acquiring an additional 93,718 shares in the last quarter. Cetera Investment Advisers lifted its stake in iShares Core Dividend Growth ETF by 7.4% in the 1st quarter. Cetera Investment Advisers now owns 3,324,499 shares of the company’s stock worth $233,313,000 after acquiring an additional 228,446 shares in the last quarter. Finally, Avior Wealth Management LLC purchased a new stake in iShares Core Dividend Growth ETF in the 3rd quarter worth about $163,214,000.

iShares Core Dividend Growth ETF Trading Up 1.0%

Shares of NYSEARCA DGRO opened at $79.26 on Wednesday. iShares Core Dividend Growth ETF has a one year low of $67.14 and a one year high of $80.58. The firm has a market capitalization of $44.17 billion, a PE ratio of 19.66 and a beta of 0.76. The business has a 50-day moving average price of $78.07 and a two-hundred day moving average price of $76.16.

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.