SVRN Asset Management LLC Takes Position in iShares Core Dividend Growth ETF $DGRO

SVRN Asset Management LLC acquired a new stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 214,285 shares of the company’s stock, valued at approximately $14,876,000. iShares Core Dividend Growth ETF accounts for 12.3% of SVRN Asset Management LLC’s holdings, making the stock its 2nd biggest position.

A number of other institutional investors have also recently made changes to their positions in DGRO. LPL Financial LLC lifted its stake in 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 acquiring an additional 595,710 shares during the period. Bank of America Corp DE lifted its stake in iShares Core Dividend Growth ETF by 1.1% in the third quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock worth $1,270,529,000 after acquiring an additional 195,211 shares during the period. Wealthfront Advisers LLC lifted its stake in iShares Core Dividend Growth ETF by 4.7% in the fourth quarter. Wealthfront Advisers LLC now owns 13,931,233 shares of the company’s stock worth $967,106,000 after acquiring an additional 628,342 shares during the period. Raymond James Financial Inc. lifted its stake in iShares Core Dividend Growth ETF by 4.6% in the third quarter. Raymond James Financial Inc. now owns 10,467,035 shares of the company’s stock worth $712,596,000 after acquiring an additional 457,568 shares during the period. Finally, Capital Investment Advisors LLC lifted its stake in iShares Core Dividend Growth ETF by 2.7% in the fourth quarter. Capital Investment Advisors LLC now owns 8,339,921 shares of the company’s stock worth $578,957,000 after acquiring an additional 215,540 shares during the period.

iShares Core Dividend Growth ETF Stock Up 0.7%

Shares of DGRO stock opened at $75.91 on Friday. The stock has a fifty day moving average of $73.46 and a 200 day moving average of $71.90. iShares Core Dividend Growth ETF has a 52 week low of $62.05 and a 52 week high of $76.06. The firm has a market capitalization of $40.85 billion, a price-to-earnings ratio of 19.66 and a beta of 0.77.

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.