Smith Thornton Advisors LLC Acquires New Shares in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Smith Thornton Advisors LLC bought a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 60,483 shares of the company’s stock, valued at approximately $3,484,000. iShares Core Dividend Growth ETF makes up approximately 2.6% of Smith Thornton Advisors LLC’s portfolio, making the stock its 5th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of iShares Core Dividend Growth ETF by 8.8% in the second quarter. LPL Financial LLC now owns 12,950,815 shares of the company’s stock valued at $746,096,000 after buying an additional 1,047,837 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares Core Dividend Growth ETF by 4.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,006,470 shares of the company’s stock valued at $518,863,000 after acquiring an additional 368,759 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in iShares Core Dividend Growth ETF by 1.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 8,821,774 shares of the company’s stock worth $508,222,000 after purchasing an additional 111,539 shares during the period. Capital Investment Advisors LLC increased its holdings in iShares Core Dividend Growth ETF by 2.1% during the 2nd quarter. Capital Investment Advisors LLC now owns 7,205,141 shares of the company’s stock worth $415,088,000 after purchasing an additional 150,379 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in shares of iShares Core Dividend Growth ETF by 2.1% in the 1st quarter. Commonwealth Equity Services LLC now owns 7,134,724 shares of the company’s stock valued at $414,242,000 after purchasing an additional 147,981 shares during the period.

iShares Core Dividend Growth ETF Price Performance

Shares of iShares Core Dividend Growth ETF stock opened at $62.23 on Friday. The firm has a market cap of $29.46 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a one year low of $47.19 and a one year high of $62.88. The stock’s 50-day moving average is $60.67 and its 200-day moving average is $58.52.

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.