Ring Mountain Capital LLC Takes $3.11 Million Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Ring Mountain Capital LLC purchased a new stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 50,751 shares of the company’s stock, valued at approximately $3,113,000. iShares Core Dividend Growth ETF makes up about 2.1% of Ring Mountain Capital LLC’s investment portfolio, making the stock its 13th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of DGRO. Strategic Financial Concepts LLC raised its holdings in shares of iShares Core Dividend Growth ETF by 5,922.8% during the 4th quarter. Strategic Financial Concepts LLC now owns 1,334,049 shares of the company’s stock valued at $81,831,000 after purchasing an additional 1,311,899 shares in the last quarter. Jones Financial Companies Lllp grew its stake in iShares Core Dividend Growth ETF by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,224,958 shares of the company’s stock valued at $259,159,000 after buying an additional 1,132,527 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in iShares Core Dividend Growth ETF in the 4th quarter valued at $44,389,000. MML Investors Services LLC grew its stake in iShares Core Dividend Growth ETF by 20.4% in the 3rd quarter. MML Investors Services LLC now owns 3,796,963 shares of the company’s stock valued at $238,032,000 after buying an additional 644,193 shares during the last quarter. Finally, LPL Financial LLC grew its stake in iShares Core Dividend Growth ETF by 3.2% in the 3rd quarter. LPL Financial LLC now owns 13,363,898 shares of the company’s stock valued at $837,783,000 after buying an additional 413,083 shares during the last quarter.

iShares Core Dividend Growth ETF Trading Down 0.7 %

NYSEARCA:DGRO opened at $63.66 on Tuesday. iShares Core Dividend Growth ETF has a 1 year low of $55.08 and a 1 year high of $65.08. The firm’s fifty day simple moving average is $62.79 and its 200 day simple moving average is $62.70. The firm has a market capitalization of $31.19 billion, a PE ratio of 22.22 and a beta of 0.89.

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.