MGB Wealth Management LLC Grows Stock Holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

MGB Wealth Management LLC lifted its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 92.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 933 shares of the company’s stock after purchasing an additional 448 shares during the quarter. MGB Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $57,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DGRO. Truvestments Capital LLC purchased a new stake in iShares Core Dividend Growth ETF during the 3rd quarter valued at about $28,000. Ulland Investment Advisors LLC bought a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter worth approximately $27,000. Y.D. More Investments Ltd purchased a new stake in shares of iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $33,000. Tompkins Financial Corp bought a new stake in shares of iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $41,000. Finally, SWAN Capital LLC purchased a new position in iShares Core Dividend Growth ETF in the 3rd quarter worth approximately $50,000.

iShares Core Dividend Growth ETF Trading Up 0.8 %

DGRO stock opened at $64.07 on Friday. The stock has a market capitalization of $30.33 billion, a PE ratio of 19.25 and a beta of 0.71. The stock’s 50 day simple moving average is $62.53 and its 200 day simple moving average is $62.29. iShares Core Dividend Growth ETF has a 12-month low of $54.64 and a 12-month high of $65.08.

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.