L. Roy Papp & Associates LLP Takes $340,000 Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

L. Roy Papp & Associates LLP purchased a new position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,418 shares of the company’s stock, valued at approximately $340,000.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC grew its stake in shares of iShares Core Dividend Growth ETF by 8.8% in the 2nd quarter. LPL Financial LLC now owns 12,950,815 shares of the company’s stock worth $746,096,000 after buying an additional 1,047,837 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares Core Dividend Growth ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 9,006,470 shares of the company’s stock worth $518,863,000 after acquiring an additional 368,759 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in shares of iShares Core Dividend Growth ETF by 1.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 8,821,774 shares of the company’s stock valued at $508,222,000 after acquiring an additional 111,539 shares in the last quarter. Capital Investment Advisors LLC raised its position in shares of iShares Core Dividend Growth ETF by 1.5% in the 3rd quarter. Capital Investment Advisors LLC now owns 7,315,118 shares of the company’s stock worth $458,585,000 after purchasing an additional 109,977 shares during the last quarter. Finally, Raymond James & Associates raised its position in shares of iShares Core Dividend Growth ETF by 1.8% in the 3rd quarter. Raymond James & Associates now owns 2,538,953 shares of the company’s stock worth $159,167,000 after purchasing an additional 45,538 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

DGRO stock traded down $0.40 during trading on Friday, hitting $62.51. 3,264,448 shares of the stock traded hands, compared to its average volume of 1,419,737. The stock has a market cap of $29.60 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 1 year low of $47.19 and a 1 year high of $64.00. The firm’s 50 day moving average is $62.18 and its two-hundred day moving average is $59.36.

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.