Lee Danner & Bass Inc. Makes New Investment in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Lee Danner & Bass Inc. bought a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 1,850 shares of the company’s stock, valued at approximately $113,000.

A number of other institutional investors have also bought and sold shares of DGRO. Raymond James Financial Inc. purchased a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter valued at approximately $616,824,000. Strategic Financial Concepts LLC raised its position in shares of iShares Core Dividend Growth ETF by 5,922.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,334,049 shares of the company’s stock valued at $81,831,000 after buying an additional 1,311,899 shares during the period. Jones Financial Companies Lllp raised its position in shares of iShares Core Dividend Growth ETF by 36.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,224,958 shares of the company’s stock valued at $259,159,000 after buying an additional 1,132,527 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter valued at approximately $44,389,000. Finally, Commonwealth Equity Services LLC raised its position in shares of iShares Core Dividend Growth ETF by 9.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,766,539 shares of the company’s stock valued at $476,399,000 after buying an additional 673,044 shares during the period.

iShares Core Dividend Growth ETF Stock Performance

DGRO stock opened at $61.52 on Friday. The firm has a market cap of $30.15 billion, a PE ratio of 21.26 and a beta of 0.89. The firm’s 50 day moving average price is $62.97 and its 200-day moving average price is $62.77. iShares Core Dividend Growth ETF has a one year low of $55.08 and a one year 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.