Cornerstone Wealth Management LLC Boosts Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Cornerstone Wealth Management LLC grew its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 4.6% during the first quarter, Holdings Channel reports. The firm owned 168,096 shares of the company’s stock after acquiring an additional 7,430 shares during the period. iShares Core Dividend Growth ETF makes up approximately 0.8% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 23rd largest position. Cornerstone Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $9,760,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Vima LLC purchased a new stake in iShares Core Dividend Growth ETF in the fourth quarter valued at $25,000. Voisard Asset Management Group Inc. purchased a new stake in shares of iShares Core Dividend Growth ETF in the fourth quarter worth about $27,000. Raleigh Capital Management Inc. purchased a new position in iShares Core Dividend Growth ETF during the third quarter valued at approximately $26,000. Private Wealth Management Group LLC purchased a new position in iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $36,000. Finally, Central Bank & Trust Co. lifted its holdings in iShares Core Dividend Growth ETF by 67.5% in the first quarter. Central Bank & Trust Co. now owns 774 shares of the company’s stock valued at $45,000 after acquiring an additional 312 shares during the period.

iShares Core Dividend Growth ETF Stock Up 0.0 %

Shares of NYSEARCA DGRO traded up $0.02 during midday trading on Thursday, reaching $57.70. 529,003 shares of the stock were exchanged, compared to its average volume of 1,475,021. The firm has a market cap of $27.32 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. The firm has a 50-day simple moving average of $57.42 and a two-hundred day simple moving average of $56.17. iShares Core Dividend Growth ETF has a twelve month low of $47.19 and a twelve month high of $58.61.

iShares Core Dividend Growth ETF Company 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.