Founders Financial Securities LLC Sells 13,449 Shares of iShares Core Dividend Growth ETF $DGRO

Founders Financial Securities LLC lowered its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 17.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 64,429 shares of the company’s stock after selling 13,449 shares during the period. Founders Financial Securities LLC’s holdings in iShares Core Dividend Growth ETF were worth $4,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of Montreal Can raised its stake in iShares Core Dividend Growth ETF by 25.8% in the second quarter. Bank of Montreal Can now owns 48,384 shares of the company’s stock worth $3,094,000 after buying an additional 9,936 shares in the last quarter. Atlantic Union Bankshares Corp increased its holdings in shares of iShares Core Dividend Growth ETF by 39.4% in the 2nd quarter. Atlantic Union Bankshares Corp now owns 10,612 shares of the company’s stock valued at $679,000 after acquiring an additional 3,001 shares during the period. American Trust raised its position in shares of iShares Core Dividend Growth ETF by 44.5% in the 2nd quarter. American Trust now owns 917,657 shares of the company’s stock worth $58,675,000 after acquiring an additional 282,505 shares in the last quarter. Altus Wealth Management LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 0.8% during the 2nd quarter. Altus Wealth Management LLC now owns 427,854 shares of the company’s stock worth $27,357,000 after purchasing an additional 3,599 shares during the last quarter. Finally, Asset Dedication LLC lifted its stake in shares of iShares Core Dividend Growth ETF by 21.4% during the 2nd quarter. Asset Dedication LLC now owns 118,356 shares of the company’s stock worth $7,568,000 after purchasing an additional 20,867 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

Shares of DGRO stock opened at $69.85 on Wednesday. The company has a market cap of $35.45 billion, a P/E ratio of 19.66 and a beta of 0.84. The stock’s 50-day moving average is $68.78 and its 200 day moving average is $66.83. iShares Core Dividend Growth ETF has a 1-year low of $54.09 and a 1-year high of $70.61.

iShares Core Dividend Growth ETF Profile

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.