Smith Thornton Advisors LLC Trims Stock Holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Smith Thornton Advisors LLC reduced its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 1.3% during the fourth quarter, HoldingsChannel reports. The firm owned 59,697 shares of the company’s stock after selling 756 shares during the period. iShares Core Dividend Growth ETF comprises approximately 2.3% of Smith Thornton Advisors LLC’s portfolio, making the stock its 7th largest holding. Smith Thornton Advisors LLC’s holdings in iShares Core Dividend Growth ETF were worth $3,662,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in shares of iShares Core Dividend Growth ETF in the second quarter valued at $45,148,000. MML Investors Services LLC boosted its position in iShares Core Dividend Growth ETF by 20.4% during the third quarter. MML Investors Services LLC now owns 3,796,963 shares of the company’s stock worth $238,032,000 after purchasing an additional 644,193 shares during the period. Smith Anglin Financial LLC boosted its position in iShares Core Dividend Growth ETF by 78.4% during the third quarter. Smith Anglin Financial LLC now owns 1,346,692 shares of the company’s stock worth $84,424,000 after purchasing an additional 591,701 shares during the period. LPL Financial LLC boosted its position in iShares Core Dividend Growth ETF by 3.2% during the third quarter. LPL Financial LLC now owns 13,363,898 shares of the company’s stock worth $837,783,000 after purchasing an additional 413,083 shares during the period. Finally, Summit Investment Advisory Services LLC bought a new position in iShares Core Dividend Growth ETF during the third quarter worth about $23,432,000.

iShares Core Dividend Growth ETF Trading Up 1.1 %

DGRO stock opened at $61.98 on Thursday. The firm has a 50 day moving average of $62.83 and a 200-day moving average of $61.65. iShares Core Dividend Growth ETF has a 12 month low of $53.11 and a 12 month high of $65.08. The firm has a market capitalization of $29.34 billion, a P/E ratio of 19.25 and a beta of 0.71.

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.