Rialto Wealth Management LLC Takes Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Rialto Wealth Management LLC bought a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 534 shares of the company’s stock, valued at approximately $33,000.

Other hedge funds have also added to or reduced their stakes in the company. Pasadena Private Wealth LLC grew its holdings in iShares Core Dividend Growth ETF by 1.1% in the 4th quarter. Pasadena Private Wealth LLC now owns 15,236 shares of the company’s stock valued at $935,000 after buying an additional 161 shares in the last quarter. Lincoln Capital LLC boosted its position in shares of iShares Core Dividend Growth ETF by 1.7% in the fourth quarter. Lincoln Capital LLC now owns 10,020 shares of the company’s stock valued at $615,000 after acquiring an additional 168 shares during the period. Empire Financial Management Company LLC grew its stake in shares of iShares Core Dividend Growth ETF by 2.7% in the third quarter. Empire Financial Management Company LLC now owns 6,459 shares of the company’s stock valued at $405,000 after acquiring an additional 171 shares in the last quarter. Bluesphere Advisors LLC increased its position in iShares Core Dividend Growth ETF by 2.8% during the fourth quarter. Bluesphere Advisors LLC now owns 6,499 shares of the company’s stock worth $399,000 after acquiring an additional 177 shares during the period. Finally, Ellis Investment Partners LLC increased its position in iShares Core Dividend Growth ETF by 0.8% during the fourth quarter. Ellis Investment Partners LLC now owns 22,521 shares of the company’s stock worth $1,381,000 after acquiring an additional 178 shares during the period.

iShares Core Dividend Growth ETF Stock Up 1.1 %

NYSEARCA DGRO opened at $63.31 on Monday. The firm has a 50-day moving average price of $62.89 and a two-hundred day moving average price of $62.79. iShares Core Dividend Growth ETF has a 12-month low of $55.08 and a 12-month high of $65.08. The company has a market capitalization of $31.02 billion, a P/E ratio of 22.22 and a beta of 0.89.

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.