iShares Core Dividend Growth ETF (NYSEARCA:DGRO) Sees Large Volume Increase – Here’s Why

by · The Markets Daily

Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Get Free Report) saw unusually-high trading volume on Thursday . Approximately 2,823,771 shares changed hands during mid-day trading, an increase of 91% from the previous session’s volume of 1,475,679 shares.The stock last traded at $61.07 and had previously closed at $60.91.

iShares Core Dividend Growth ETF Trading Up 1.1 %

The company has a market cap of $29.06 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. The company has a fifty day moving average price of $63.37 and a two-hundred day moving average price of $61.13.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in DGRO. LPL Financial LLC grew its holdings in shares of 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 worth $837,783,000 after purchasing an additional 413,083 shares during the last quarter. Envestnet Asset Management Inc. grew its position in iShares Core Dividend Growth ETF by 4.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 9,006,470 shares of the company’s stock worth $518,863,000 after acquiring an additional 368,759 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in iShares Core Dividend Growth ETF by 1.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,842,422 shares of the company’s stock valued at $491,641,000 after purchasing an additional 108,051 shares in the last quarter. Capital Investment Advisors LLC raised its position in iShares Core Dividend Growth ETF by 1.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 7,315,118 shares of the company’s stock valued at $458,585,000 after purchasing an additional 109,977 shares during the last quarter. Finally, MML Investors Services LLC raised its position 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 worth $238,032,000 after purchasing an additional 644,193 shares during the last quarter.

About iShares Core Dividend Growth ETF

(Get Free Report)

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.

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