262,332 Shares in iShares Core Dividend Growth ETF $DGRO Acquired by 46 Peaks LLC

46 Peaks LLC acquired a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 262,332 shares of the company’s stock, valued at approximately $18,211,000. iShares Core Dividend Growth ETF comprises 13.4% of 46 Peaks LLC’s portfolio, making the stock its 3rd largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DGRO. Royal Bank of Canada lifted its position in shares of iShares Core Dividend Growth ETF by 24.0% during the 4th quarter. Royal Bank of Canada now owns 8,137,125 shares of the company’s stock valued at $564,879,000 after acquiring an additional 1,576,241 shares during the period. Ameriprise Financial Inc. raised its stake in iShares Core Dividend Growth ETF by 15.8% in the second quarter. Ameriprise Financial Inc. now owns 7,904,167 shares of the company’s stock valued at $504,803,000 after purchasing an additional 1,080,418 shares in the last quarter. Wellington Management Group LLP bought a new stake in iShares Core Dividend Growth ETF during the third quarter worth about $65,915,000. MML Investors Services LLC lifted its position in iShares Core Dividend Growth ETF by 25.9% during the second quarter. MML Investors Services LLC now owns 4,534,983 shares of the company’s stock worth $289,967,000 after purchasing an additional 934,207 shares during the period. Finally, Wells Fargo & Company MN grew its stake in iShares Core Dividend Growth ETF by 10.4% during the fourth quarter. Wells Fargo & Company MN now owns 7,050,627 shares of the company’s stock worth $489,454,000 after buying an additional 665,808 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Down 0.2%

DGRO stock opened at $74.82 on Friday. The company’s 50-day moving average price is $73.85 and its two-hundred day moving average price is $72.09. The firm has a market cap of $40.26 billion, a P/E ratio of 19.66 and a beta of 0.77. iShares Core Dividend Growth ETF has a 12 month low of $62.05 and a 12 month high of $76.07.

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.