Addison Capital Co Invests $1.24 Million in iShares Core Dividend Growth ETF $DGRO

Addison Capital Co purchased a new stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the first quarter, HoldingsChannel.com reports. The fund purchased 17,715 shares of the company’s stock, valued at approximately $1,243,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Auto Owners Insurance Co boosted its holdings in shares of iShares Core Dividend Growth ETF by 9,203.2% during the 4th quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock valued at $332,280,000 after purchasing an additional 47,350,590 shares during the last quarter. Morgan Stanley increased its holdings in shares of iShares Core Dividend Growth ETF by 1.7% in the fourth quarter. Morgan Stanley now owns 19,366,070 shares of the company’s stock worth $1,344,393,000 after purchasing an additional 331,748 shares during the last quarter. LPL Financial LLC lifted its position in shares of iShares Core Dividend Growth ETF by 3.3% in the fourth quarter. LPL Financial LLC now owns 18,763,346 shares of the company’s stock worth $1,302,551,000 after buying an additional 595,710 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares Core Dividend Growth ETF by 1.1% during the third quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock valued at $1,270,529,000 after buying an additional 195,211 shares during the last quarter. Finally, Wealthfront Advisers LLC grew its holdings in iShares Core Dividend Growth ETF by 4.7% during the 4th quarter. Wealthfront Advisers LLC now owns 13,931,233 shares of the company’s stock valued at $967,106,000 after buying an additional 628,342 shares in the last quarter.

iShares Core Dividend Growth ETF Price Performance

NYSEARCA:DGRO opened at $77.60 on Wednesday. iShares Core Dividend Growth ETF has a 1 year low of $63.76 and a 1 year high of $78.06. The stock’s 50 day simple moving average is $74.75 and its two-hundred day simple moving average is $72.67. The company has a market cap of $42.21 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77.

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.