Regal Investment Advisors LLC Sells 9,071 Shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Regal Investment Advisors LLC reduced its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 41.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,936 shares of the company’s stock after selling 9,071 shares during the quarter. Regal Investment Advisors LLC’s holdings in iShares Core Dividend Growth ETF were worth $794,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $616,824,000. LPL Financial LLC boosted its position in shares of iShares Core Dividend Growth ETF by 10.4% during the fourth quarter. LPL Financial LLC now owns 14,756,281 shares of the company’s stock worth $905,150,000 after purchasing an additional 1,392,383 shares in the last quarter. Strategic Financial Concepts LLC grew its holdings in shares of iShares Core Dividend Growth ETF by 5,922.8% in the 4th quarter. Strategic Financial Concepts LLC now owns 1,334,049 shares of the company’s stock valued at $81,831,000 after buying an additional 1,311,899 shares during the period. Jones Financial Companies Lllp increased its position in shares of iShares Core Dividend Growth ETF by 36.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,224,958 shares of the company’s stock valued at $259,159,000 after buying an additional 1,132,527 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in iShares Core Dividend Growth ETF by 17.7% during the 4th quarter. Wells Fargo & Company MN now owns 6,198,943 shares of the company’s stock worth $380,243,000 after buying an additional 932,713 shares during the period.

iShares Core Dividend Growth ETF Trading Down 1.4 %

NYSEARCA:DGRO opened at $57.94 on Thursday. iShares Core Dividend Growth ETF has a 1 year low of $54.09 and a 1 year high of $65.08. The stock has a 50-day moving average price of $61.51 and a two-hundred day moving average price of $62.42. The stock has a market cap of $28.51 billion, a price-to-earnings ratio of 20.41 and a beta of 0.86.

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.