Summit Financial Wealth Advisors LLC Trims Holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Summit Financial Wealth Advisors LLC cut its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 0.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,924 shares of the company’s stock after selling 280 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in iShares Core Dividend Growth ETF were worth $2,160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Ruedi Wealth Management Inc. purchased a new stake in iShares Core Dividend Growth ETF in the 1st quarter worth approximately $29,000. Tucker Asset Management LLC acquired a new position in iShares Core Dividend Growth ETF in the first quarter valued at $36,000. Tandem Wealth Advisors LLC acquired a new position in iShares Core Dividend Growth ETF in the fourth quarter valued at $37,000. Bourgeon Capital Management LLC boosted its stake in iShares Core Dividend Growth ETF by 51.0% in the 1st quarter. Bourgeon Capital Management LLC now owns 740 shares of the company’s stock worth $37,000 after buying an additional 250 shares during the last quarter. Finally, Heritage Wealth Management LLC grew its holdings in iShares Core Dividend Growth ETF by 100.0% in the 4th quarter. Heritage Wealth Management LLC now owns 760 shares of the company’s stock valued at $38,000 after buying an additional 380 shares during the period.

iShares Core Dividend Growth ETF Trading Down 0.4 %

Shares of NYSEARCA DGRO traded down $0.19 on Tuesday, reaching $51.49. 149,014 shares of the company traded hands, compared to its average volume of 1,740,259. The company has a 50 day moving average of $52.10 and a 200 day moving average of $50.78. iShares Core Dividend Growth ETF has a fifty-two week low of $43.67 and a fifty-two week high of $53.55. The stock has a market capitalization of $23.83 billion, a PE ratio of 15.16 and a beta of 0.89.

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.