Summit Investment Advisory Services LLC Reduces Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Summit Investment Advisory Services LLC trimmed its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 430,207 shares of the company’s stock after selling 3,188 shares during the period. iShares Core Dividend Growth ETF makes up 14.6% of Summit Investment Advisory Services LLC’s portfolio, making the stock its 2nd biggest holding. Summit Investment Advisory Services LLC’s holdings in iShares Core Dividend Growth ETF were worth $23,154,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Etfidea LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 1.2% in the third quarter. Etfidea LLC now owns 563,525 shares of the company’s stock valued at $27,911,000 after buying an additional 6,948 shares during the period. Financial Insights Inc. bought a new stake in shares of iShares Core Dividend Growth ETF in the third quarter valued at about $2,211,000. Regent Peak Wealth Advisors LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 2.1% in the third quarter. Regent Peak Wealth Advisors LLC now owns 146,980 shares of the company’s stock valued at $7,280,000 after buying an additional 3,081 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 1.6% in the third quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 275,767 shares of the company’s stock valued at $13,659,000 after buying an additional 4,391 shares during the period. Finally, Demars Financial Group LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 63.6% in the third quarter. Demars Financial Group LLC now owns 46,198 shares of the company’s stock valued at $2,288,000 after buying an additional 17,959 shares during the period.

iShares Core Dividend Growth ETF Trading Up 0.3 %

NYSEARCA:DGRO traded up $0.18 during mid-day trading on Friday, hitting $58.06. The company’s stock had a trading volume of 1,234,328 shares, compared to its average volume of 1,623,687. iShares Core Dividend Growth ETF has a fifty-two week low of $47.19 and a fifty-two week high of $58.19. The company has a market capitalization of $26.87 billion, a price-to-earnings ratio of 15.16 and a beta of 0.89. The stock has a fifty day moving average of $55.94 and a 200-day moving average of $52.86.

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.