Cardinal Point Capital Management ULC Sells 1,123 Shares of iShares Core Dividend Growth ETF $DGRO

Cardinal Point Capital Management ULC cut its holdings in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 9.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,561 shares of the company’s stock after selling 1,123 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in iShares Core Dividend Growth ETF were worth $675,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Proathlete Wealth Management LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 2nd quarter valued at about $25,000. Rise Advisors LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 1st quarter valued at about $27,000. Private Wealth Asset Management LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 2nd quarter valued at about $28,000. Cornerstone Planning Group LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 1st quarter valued at about $30,000. Finally, Keystone Global Partners LLC bought a new stake in shares of iShares Core Dividend Growth ETF in the 2nd quarter valued at about $30,000.

iShares Core Dividend Growth ETF Stock Performance

Shares of DGRO stock opened at $68.42 on Friday. The firm’s 50-day moving average is $67.45 and its 200-day moving average is $64.14. The stock has a market cap of $34.63 billion, a price-to-earnings ratio of 19.66 and a beta of 0.89. iShares Core Dividend Growth ETF has a 52-week low of $54.09 and a 52-week high of $68.88.

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.