iShares Core Dividend Growth ETF $DGRO Stake Cut by Summit Investment Advisory Services LLC

Summit Investment Advisory Services LLC lessened its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 4.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 331,991 shares of the company’s stock after selling 17,110 shares during the period. iShares Core Dividend Growth ETF accounts for about 8.7% of Summit Investment Advisory Services LLC’s holdings, making the stock its 5th biggest position. Summit Investment Advisory Services LLC owned approximately 0.06% of iShares Core Dividend Growth ETF worth $23,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DGRO. Greenline Wealth Management LLC purchased a new stake in shares of iShares Core Dividend Growth ETF during the fourth quarter worth approximately $25,000. Tortoise Investment Management LLC grew its position in iShares Core Dividend Growth ETF by 89.5% in the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after buying an additional 179 shares during the last quarter. Ankerstar Wealth LLC acquired a new position in iShares Core Dividend Growth ETF in the 4th quarter valued at $26,000. MBM Wealth Consultants LLC acquired a new position in iShares Core Dividend Growth ETF in the 1st quarter valued at $27,000. Finally, Group One Trading LLC purchased a new position in iShares Core Dividend Growth ETF during the 3rd quarter worth $28,000.

iShares Core Dividend Growth ETF Stock Performance

DGRO stock opened at $75.79 on Wednesday. iShares Core Dividend Growth ETF has a one year low of $63.76 and a one year high of $76.24. The stock has a market capitalization of $40.79 billion, a PE ratio of 19.66 and a beta of 0.77. The company has a fifty day moving average of $74.34 and a 200-day moving average of $72.42.

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.