Centerpoint Advisory Group Invests $1.92 Million in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Centerpoint Advisory Group acquired a new stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,357 shares of the company’s stock, valued at approximately $1,923,000. iShares Core Dividend Growth ETF accounts for about 1.9% of Centerpoint Advisory Group’s investment portfolio, making the stock its 19th largest holding.

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

iShares Core Dividend Growth ETF Trading Down 0.4 %

Shares of DGRO stock opened at $63.81 on Friday. The company has a 50 day simple moving average of $62.53 and a two-hundred day simple moving average of $62.34. The stock has a market cap of $30.21 billion, a P/E ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 12 month low of $55.08 and a 12 month 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.