Kovack Advisors Inc. Decreases Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Kovack Advisors Inc. lowered its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 47.0% in the fourth quarter, Holdings Channel reports. The firm owned 35,356 shares of the company’s stock after selling 31,340 shares during the period. Kovack Advisors Inc.’s holdings in iShares Core Dividend Growth ETF were worth $1,903,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DGRO. Raleigh Capital Management Inc. acquired a new position in iShares Core Dividend Growth ETF during the 3rd quarter worth approximately $26,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at approximately $27,000. Phillips Financial Management LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the 3rd quarter valued at approximately $37,000. Parkside Financial Bank & Trust acquired a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at approximately $45,000. Finally, Versant Capital Management Inc acquired a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter valued at approximately $46,000.

iShares Core Dividend Growth ETF Stock Down 0.1 %

Shares of DGRO traded down $0.08 during trading on Friday, reaching $56.34. The company’s stock had a trading volume of 1,020,871 shares, compared to its average volume of 1,582,757. The company has a fifty day moving average of $56.62 and a two-hundred day moving average of $53.72. iShares Core Dividend Growth ETF has a twelve month low of $47.19 and a twelve month high of $58.19. The company has a market cap of $26.53 billion, a price-to-earnings ratio of 18.84 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.