iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Stake Trimmed by American Trust

American Trust trimmed its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Get Rating) by 1.3% during the third quarter, Holdings Channel reports. The fund owned 1,129,327 shares of the company’s stock after selling 14,612 shares during the period. iShares Core Dividend Growth ETF makes up approximately 4.2% of American Trust’s portfolio, making the stock its 5th largest position. American Trust’s holdings in iShares Core Dividend Growth ETF were worth $50,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in iShares Core Dividend Growth ETF in the third quarter valued at about $28,000. Ronald Blue Trust Inc. lifted its stake in shares of iShares Core Dividend Growth ETF by 145.6% during the 3rd quarter. Ronald Blue Trust Inc. now owns 732 shares of the company’s stock valued at $35,000 after buying an additional 434 shares in the last quarter. McIlrath & Eck LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 570.0% during the 3rd quarter. McIlrath & Eck LLC now owns 804 shares of the company’s stock valued at $36,000 after buying an additional 684 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in shares of iShares Core Dividend Growth ETF during the 2nd quarter valued at approximately $46,000. Finally, Rosenberg Matthew Hamilton purchased a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter valued at approximately $46,000.

iShares Core Dividend Growth ETF Trading Down 1.5 %

Shares of DGRO stock opened at $48.13 on Friday. The stock has a market capitalization of $22.57 billion, a P/E ratio of 15.16 and a beta of 0.91. The firm’s 50 day moving average is $50.53 and its 200 day moving average is $49.45. iShares Core Dividend Growth ETF has a 12 month low of $43.67 and a 12 month high of $54.55.

iShares Core Dividend Growth ETF Profile

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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.