Stonebridge Financial Group LLC Takes Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Stonebridge Financial Group LLC acquired a new stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 723,648 shares of the company’s stock, valued at approximately $44,389,000. iShares Core Dividend Growth ETF accounts for approximately 4.9% of Stonebridge Financial Group LLC’s investment portfolio, making the stock its biggest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth $28,000. Ulland Investment Advisors LLC acquired a new position in iShares Core Dividend Growth ETF during the fourth quarter worth about $27,000. Y.D. More Investments Ltd purchased a new position in iShares Core Dividend Growth ETF in the fourth quarter valued at about $33,000. Tompkins Financial Corp acquired a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter valued at approximately $41,000. Finally, SWAN Capital LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $50,000.

iShares Core Dividend Growth ETF Price Performance

NYSEARCA DGRO opened at $63.55 on Tuesday. The business has a 50 day moving average price of $62.56 and a 200 day moving average price of $62.24. The company has a market capitalization of $30.09 billion, a P/E ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 1-year low of $54.31 and a 1-year high of $65.08.

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.