Riverchase Wealth Management LLC Purchases New Shares in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Riverchase Wealth Management LLC acquired a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, HoldingsChannel reports. The fund acquired 6,835 shares of the company’s stock, valued at approximately $419,000.

A number of other institutional investors also recently modified their holdings of the stock. Counterweight Ventures LLC raised its holdings in iShares Core Dividend Growth ETF by 1.3% during the 4th quarter. Counterweight Ventures LLC now owns 27,031 shares of the company’s stock worth $1,658,000 after purchasing an additional 349 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of iShares Core Dividend Growth ETF during the 4th quarter worth approximately $3,573,000. Ranch Capital Advisors Inc. raised its stake in shares of iShares Core Dividend Growth ETF by 1.7% during the fourth quarter. Ranch Capital Advisors Inc. now owns 18,632 shares of the company’s stock worth $1,143,000 after buying an additional 317 shares during the last quarter. World Investment Advisors LLC lifted its holdings in iShares Core Dividend Growth ETF by 45.8% in the third quarter. World Investment Advisors LLC now owns 37,058 shares of the company’s stock valued at $2,323,000 after buying an additional 11,634 shares during the period. Finally, Sterling Wealth Advisors Inc bought a new position in iShares Core Dividend Growth ETF in the fourth quarter valued at approximately $1,969,000.

iShares Core Dividend Growth ETF Stock Performance

Shares of iShares Core Dividend Growth ETF stock opened at $61.87 on Friday. The firm has a fifty day moving average of $63.00 and a two-hundred day moving average of $62.80. The stock has a market capitalization of $30.32 billion, a price-to-earnings ratio of 21.26 and a beta of 0.89. iShares Core Dividend Growth ETF has a 52 week low of $55.08 and a 52 week 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.