Sachetta LLC Lowers Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Sachetta LLC decreased its position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 38.3% during the second quarter, Holdings Channel reports. The fund owned 6,454 shares of the company’s stock after selling 4,001 shares during the period. Sachetta LLC’s holdings in iShares Core Dividend Growth ETF were worth $388,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in iShares Core Dividend Growth ETF by 2.5% in the first quarter. Vanguard Group Inc. now owns 31,878 shares of the company’s stock worth $1,851,000 after purchasing an additional 780 shares during the period. Westfield Capital Management Co. LP bought a new position in shares of iShares Core Dividend Growth ETF in the 4th quarter worth about $3,411,000. TrinityPoint Wealth LLC increased its stake in shares of iShares Core Dividend Growth ETF by 5.4% in the 4th quarter. TrinityPoint Wealth LLC now owns 99,680 shares of the company’s stock worth $5,365,000 after acquiring an additional 5,091 shares in the last quarter. Wells Fargo & Company MN boosted its stake in iShares Core Dividend Growth ETF by 11.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,252,724 shares of the company’s stock worth $282,702,000 after acquiring an additional 518,671 shares in the last quarter. Finally, Oak Harbor Wealth Partners LLC bought a new stake in iShares Core Dividend Growth ETF during the fourth quarter worth about $80,000.

iShares Core Dividend Growth ETF Stock Performance

Shares of NYSEARCA DGRO opened at $61.03 on Tuesday. The company has a 50 day simple moving average of $59.78 and a two-hundred day simple moving average of $58.04. iShares Core Dividend Growth ETF has a fifty-two week low of $47.19 and a fifty-two week high of $62.19. The company has a market capitalization of $28.89 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71.

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.