Cornerstone Wealth Management LLC Boosts Holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Cornerstone Wealth Management LLC boosted its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 163,263 shares of the company’s stock after acquiring an additional 473 shares during the quarter. iShares Core Dividend Growth ETF makes up about 0.7% of Cornerstone Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Cornerstone Wealth Management LLC’s holdings in iShares Core Dividend Growth ETF were worth $10,015,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. LPL Financial LLC raised its stake in shares of iShares Core Dividend Growth ETF by 3.2% during the third quarter. LPL Financial LLC now owns 13,363,898 shares of the company’s stock valued at $837,783,000 after acquiring an additional 413,083 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in iShares Core Dividend Growth ETF by 1.4% in the third quarter. PNC Financial Services Group Inc. now owns 7,842,422 shares of the company’s stock worth $491,641,000 after buying an additional 108,051 shares in the last quarter. Capital Investment Advisors LLC boosted its position in iShares Core Dividend Growth ETF by 2.5% during the 4th quarter. Capital Investment Advisors LLC now owns 7,495,566 shares of the company’s stock valued at $459,778,000 after acquiring an additional 180,448 shares in the last quarter. MML Investors Services LLC raised its position in shares of 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 acquiring an additional 644,193 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of iShares Core Dividend Growth ETF by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,304,969 shares of the company’s stock worth $207,189,000 after purchasing an additional 130,763 shares during the last quarter.

iShares Core Dividend Growth ETF Trading Up 0.7 %

NYSEARCA DGRO opened at $63.35 on Friday. iShares Core Dividend Growth ETF has a 12-month low of $54.17 and a 12-month high of $65.08. The firm’s fifty day simple moving average is $62.71 and its two-hundred day simple moving average is $61.84. The firm has a market capitalization of $29.99 billion, a P/E ratio of 19.25 and a beta of 0.71.

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.