Northwestern Mutual Wealth Management Co. Reduces Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Northwestern Mutual Wealth Management Co. reduced its holdings in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 16.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,004,288 shares of the company’s stock after selling 385,636 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Core Dividend Growth ETF were worth $115,467,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Vima LLC bought a new position in iShares Core Dividend Growth ETF in the 4th quarter worth approximately $25,000. LifeSteps Financial Inc. bought a new position in iShares Core Dividend Growth ETF in the 1st quarter valued at $27,000. Tsfg LLC lifted its holdings in iShares Core Dividend Growth ETF by 104.1% during the 2nd quarter. Tsfg LLC now owns 496 shares of the company’s stock valued at $29,000 after buying an additional 253 shares in the last quarter. Voisard Asset Management Group Inc. bought a new position in iShares Core Dividend Growth ETF in the fourth quarter worth approximately $27,000. Finally, ZRC Wealth Management LLC bought a new position in shares of iShares Core Dividend Growth ETF during the 1st quarter worth $44,000.

iShares Core Dividend Growth ETF Trading Up 0.3 %

Shares of NYSEARCA DGRO opened at $62.40 on Friday. The stock has a market capitalization of $29.54 billion, a PE ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 12-month low of $47.19 and a 12-month high of $62.88. The stock’s fifty day simple moving average is $60.73 and its two-hundred day simple moving average is $58.57.

iShares Core Dividend Growth ETF 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.