Orion Portfolio Solutions LLC Cuts Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Orion Portfolio Solutions LLC cut its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 16.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,368 shares of the company’s stock after selling 22,634 shares during the period. Orion Portfolio Solutions LLC’s holdings in iShares Core Dividend Growth ETF were worth $7,199,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DGRO. Raymond James Financial Inc. bought a new stake in shares of iShares Core Dividend Growth ETF in the fourth quarter worth about $616,824,000. LPL Financial LLC increased its stake in iShares Core Dividend Growth ETF by 10.4% in the 4th quarter. LPL Financial LLC now owns 14,756,281 shares of the company’s stock worth $905,150,000 after acquiring an additional 1,392,383 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings 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 worth $81,831,000 after acquiring an additional 1,311,899 shares in the last quarter. Jones Financial Companies Lllp boosted 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 acquiring an additional 1,132,527 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter valued at $44,389,000.

iShares Core Dividend Growth ETF Stock Down 1.2 %

iShares Core Dividend Growth ETF stock opened at $61.15 on Friday. iShares Core Dividend Growth ETF has a 52-week low of $55.08 and a 52-week high of $65.08. The company has a market cap of $29.97 billion, a price-to-earnings ratio of 21.26 and a beta of 0.89. The firm’s fifty day moving average is $62.97 and its 200 day moving average is $62.81.

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.