Texas Capital Bank Wealth Management Services Inc Has $3.51 Million Stake in iShares Core Dividend Growth ETF $DGRO

Texas Capital Bank Wealth Management Services Inc increased its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 761.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 50,598 shares of the company’s stock after purchasing an additional 44,727 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in iShares Core Dividend Growth ETF were worth $3,513,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Tortoise Investment Management LLC boosted its holdings in iShares Core Dividend Growth ETF by 89.5% during the third quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after acquiring an additional 179 shares during the period. Group One Trading LLC bought a new stake in iShares Core Dividend Growth ETF during the third quarter valued at about $28,000. Costello Asset Management INC boosted its holdings in iShares Core Dividend Growth ETF by 79.5% during the third quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after acquiring an additional 186 shares during the period. Strategic Wealth Investment Group LLC acquired a new stake in iShares Core Dividend Growth ETF in the 2nd quarter valued at approximately $29,000. Finally, Independence Bank of Kentucky grew its holdings in iShares Core Dividend Growth ETF by 80.7% in the 4th quarter. Independence Bank of Kentucky now owns 506 shares of the company’s stock valued at $35,000 after buying an additional 226 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Down 0.1%

DGRO opened at $74.57 on Thursday. The firm has a market capitalization of $40.13 billion, a P/E ratio of 19.66 and a beta of 0.77. The stock’s 50 day moving average price is $72.14 and its two-hundred day moving average price is $71.33. iShares Core Dividend Growth ETF has a 12-month low of $61.47 and a 12-month high of $75.03.

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.