Mattern Capital Management LLC Trims Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Mattern Capital Management LLC lessened its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 34.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 4,744 shares of the company’s stock after selling 2,503 shares during the quarter. Mattern Capital Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $275,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Raymond James & Associates grew its stake in iShares Core Dividend Growth ETF by 39.8% in the 4th quarter. Raymond James & Associates now owns 2,514,004 shares of the company’s stock worth $135,304,000 after buying an additional 715,487 shares in the last quarter. International Assets Investment Management LLC purchased a new position in iShares Core Dividend Growth ETF in the fourth quarter worth $38,154,000. Wells Fargo & Company MN increased its stake in iShares Core Dividend Growth ETF by 11.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,252,724 shares of the company’s stock valued at $282,702,000 after acquiring an additional 518,671 shares during the last quarter. Confluence Wealth Services Inc. lifted its stake in iShares Core Dividend Growth ETF by 112.2% during the fourth quarter. Confluence Wealth Services Inc. now owns 553,037 shares of the company’s stock worth $29,764,000 after purchasing an additional 292,374 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in iShares Core Dividend Growth ETF by 187.3% during the fourth quarter. Oppenheimer & Co. Inc. now owns 438,752 shares of the company’s stock worth $23,614,000 after purchasing an additional 286,061 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Up 0.4 %

Shares of iShares Core Dividend Growth ETF stock traded up $0.25 during trading on Thursday, hitting $59.23. 1,101,686 shares of the stock traded hands, compared to its average volume of 1,464,284. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 52 week low of $47.19 and a 52 week high of $60.56. The firm’s fifty day moving average is $58.03 and its 200-day moving average is $56.73.

About iShares Core Dividend Growth ETF

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.