Lotus Asset Management LLC Invests $2.75 Million in iShares Core Dividend Growth ETF $DGRO

Lotus Asset Management LLC purchased a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the second quarter, HoldingsChannel reports. The firm purchased 36,340 shares of the company’s stock, valued at approximately $2,754,000. iShares Core Dividend Growth ETF accounts for about 2.4% of Lotus Asset Management LLC’s investment portfolio, making the stock its 8th largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Auto Owners Insurance Co lifted its holdings in iShares Core Dividend Growth ETF by 9,203.2% during the 4th quarter. Auto Owners Insurance Co now owns 47,865,090 shares of the company’s stock valued at $332,280,000 after buying an additional 47,350,590 shares in the last quarter. Morgan Stanley grew its stake in iShares Core Dividend Growth ETF by 1.7% in the 4th quarter. Morgan Stanley now owns 19,366,070 shares of the company’s stock worth $1,344,393,000 after acquiring an additional 331,748 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares Core Dividend Growth ETF by 3.3% during 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 increased its position in shares of iShares Core Dividend Growth ETF by 2.3% during the second quarter. Bank of America Corp DE now owns 18,467,081 shares of the company’s stock worth $1,180,785,000 after acquiring an additional 413,365 shares during the period. Finally, Wealthfront Advisers LLC raised its stake in shares of iShares Core Dividend Growth ETF by 25.1% during the first quarter. Wealthfront Advisers LLC now owns 17,425,702 shares of the company’s stock valued at $1,222,936,000 after acquiring an additional 3,494,469 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Performance

iShares Core Dividend Growth ETF stock opened at $78.04 on Thursday. The company has a market capitalization of $42.77 billion, a PE ratio of 19.66 and a beta of 0.76. The company has a 50 day moving average price of $78.49 and a 200-day moving average price of $74.98. iShares Core Dividend Growth ETF has a fifty-two week low of $66.92 and a fifty-two week high of $80.58.

iShares Core Dividend Growth ETF Company Profile

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.