Raymond James Financial Services Advisors Inc. Trims Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Raymond James Financial Services Advisors Inc. decreased its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 0.7% in the 1st quarter, Holdings Channel reports. The institutional investor owned 8,710,235 shares of the company’s stock after selling 61,764 shares during the period. iShares Core Dividend Growth ETF makes up approximately 0.8% of Raymond James Financial Services Advisors Inc.’s portfolio, making the stock its 18th biggest position. Raymond James Financial Services Advisors Inc.’s holdings in iShares Core Dividend Growth ETF were worth $505,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of DGRO. Vima LLC acquired a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter worth $25,000. Voisard Asset Management Group Inc. acquired a new stake in iShares Core Dividend Growth ETF during the fourth quarter worth about $27,000. Raleigh Capital Management Inc. purchased a new position in shares of iShares Core Dividend Growth ETF in the 3rd quarter worth about $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at about $27,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at about $36,000.

iShares Core Dividend Growth ETF Stock Performance

DGRO traded down $0.65 on Tuesday, reaching $55.95. 1,399,324 shares of the company’s stock were exchanged, compared to its average volume of 1,581,026. The company has a market cap of $26.34 billion, a price-to-earnings ratio of 18.84 and a beta of 0.89. iShares Core Dividend Growth ETF has a twelve month low of $47.19 and a twelve month high of $58.19. The company’s 50 day moving average is $56.66 and its 200-day moving average is $53.88.

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.