MLP3 LLC Makes New Investment in iShares Core Dividend Growth ETF $DGRO

MLP3 LLC acquired a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 4th quarter, Holdings Channel reports. The firm acquired 20,069 shares of the company’s stock, valued at approximately $1,393,000. iShares Core Dividend Growth ETF accounts for about 1.5% of MLP3 LLC’s investment portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of DGRO. Greenline Wealth Management LLC purchased a new stake in iShares Core Dividend Growth ETF during the 4th quarter worth approximately $25,000. Tortoise Investment Management LLC increased its holdings in iShares Core Dividend Growth ETF by 89.5% during the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock worth $26,000 after purchasing an additional 179 shares during the last quarter. Ankerstar Wealth LLC purchased a new stake in iShares Core Dividend Growth ETF during the 4th quarter worth approximately $26,000. Group One Trading LLC purchased a new stake in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $28,000. Finally, Strategic Wealth Investment Group LLC purchased a new stake in iShares Core Dividend Growth ETF during the 2nd quarter worth approximately $29,000.

iShares Core Dividend Growth ETF Price Performance

DGRO stock opened at $75.91 on Monday. iShares Core Dividend Growth ETF has a 52-week low of $62.05 and a 52-week high of $76.06. The stock’s 50 day moving average is $73.46 and its two-hundred day moving average is $71.93. The company has a market capitalization of $40.85 billion, a PE 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.