PNC Financial Services Group Inc. Sells 120,712 Shares of iShares Core Dividend Growth ETF $DGRO

PNC Financial Services Group Inc. lowered its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 1.6% in the 3rd quarter, Holdings Channel.com reports. The fund owned 7,598,311 shares of the company’s stock after selling 120,712 shares during the quarter. PNC Financial Services Group Inc.’s holdings in iShares Core Dividend Growth ETF were worth $517,293,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DGRO. Brighton Jones LLC raised its stake in shares of iShares Core Dividend Growth ETF by 52.5% in the fourth quarter. Brighton Jones LLC now owns 6,696 shares of the company’s stock worth $411,000 after purchasing an additional 2,304 shares during the last quarter. AQR Capital Management LLC increased its holdings in iShares Core Dividend Growth ETF by 95.4% in the 1st quarter. AQR Capital Management LLC now owns 13,842 shares of the company’s stock worth $855,000 after buying an additional 6,758 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new position in iShares Core Dividend Growth ETF in the 2nd quarter worth about $201,000. Arista Wealth Management LLC bought a new position in iShares Core Dividend Growth ETF during the 2nd quarter valued at about $445,000. Finally, Stordahl Capital Management Inc. purchased a new stake in shares of iShares Core Dividend Growth ETF during the 2nd quarter valued at about $206,000.

iShares Core Dividend Growth ETF Stock Up 0.5%

Shares of DGRO stock opened at $73.62 on Friday. The company has a 50 day moving average price of $71.03 and a 200-day moving average price of $68.75. iShares Core Dividend Growth ETF has a 52 week low of $54.09 and a 52 week high of $74.28. The firm has a market capitalization of $38.44 billion, a PE ratio of 19.66 and a beta of 0.84.

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.