Echo Wealth Management LLC Sells 17,407 Shares of iShares Core Dividend Growth ETF $DGRO

Echo Wealth Management LLC decreased its holdings in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 30.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 38,874 shares of the company’s stock after selling 17,407 shares during the quarter. iShares Core Dividend Growth ETF comprises approximately 1.6% of Echo Wealth Management LLC’s holdings, making the stock its 14th largest position. Echo Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $2,728,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Auto Owners Insurance Co lifted its stake in iShares Core Dividend Growth ETF by 9,203.2% during the fourth quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock worth $332,280,000 after purchasing an additional 47,350,590 shares during the period. Royal Bank of Canada lifted its position in shares of iShares Core Dividend Growth ETF by 24.0% in the fourth quarter. Royal Bank of Canada now owns 8,137,125 shares of the company’s stock valued at $564,879,000 after buying an additional 1,576,241 shares during the last quarter. Quotient Wealth Partners LLC bought a new position in iShares Core Dividend Growth ETF during the first quarter worth about $85,806,000. SHP Wealth Management bought a new stake in iShares Core Dividend Growth ETF during the fourth quarter worth $84,235,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of iShares Core Dividend Growth ETF by 15.8% during the second quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock worth $504,803,000 after purchasing an additional 1,080,418 shares during the last quarter.

iShares Core Dividend Growth ETF Trading Up 0.4%

Shares of iShares Core Dividend Growth ETF stock opened at $75.80 on Friday. The company has a market cap of $40.79 billion, a P/E ratio of 19.66 and a beta of 0.77. The business has a 50-day moving average price of $74.22 and a two-hundred day moving average price of $72.31. iShares Core Dividend Growth ETF has a 1-year low of $63.36 and a 1-year high of $76.24.

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.