Northwestern Mutual Wealth Management Co. Purchases 73,186 Shares of iShares Core Dividend Growth ETF $DGRO

Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 3.2% in the 4th quarter, Holdings Channel reports. The firm owned 2,374,253 shares of the company’s stock after buying an additional 73,186 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares Core Dividend Growth ETF were worth $164,821,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in iShares Core Dividend Growth ETF by 1.1% during the third quarter. Bank of America Corp DE now owns 18,662,292 shares of the company’s stock worth $1,270,529,000 after purchasing an additional 195,211 shares during the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 4.7% in the fourth quarter. Wealthfront Advisers LLC now owns 13,931,233 shares of the company’s stock worth $967,106,000 after acquiring an additional 628,342 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in shares of iShares Core Dividend Growth ETF by 4.6% in the third quarter. Raymond James Financial Inc. now owns 10,467,035 shares of the company’s stock worth $712,596,000 after acquiring an additional 457,568 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of iShares Core Dividend Growth ETF by 16.4% in the third quarter. Jones Financial Companies Lllp now owns 8,606,166 shares of the company’s stock worth $583,076,000 after acquiring an additional 1,211,980 shares during the last quarter. Finally, Capital Investment Advisors LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 2.7% in the fourth quarter. Capital Investment Advisors LLC now owns 8,339,921 shares of the company’s stock worth $578,957,000 after acquiring an additional 215,540 shares during the last quarter.

iShares Core Dividend Growth ETF Trading Up 0.1%

DGRO stock opened at $74.67 on Friday. The stock has a market capitalization of $40.18 billion, a P/E ratio of 19.66 and a beta of 0.77. iShares Core Dividend Growth ETF has a 12 month low of $61.47 and a 12 month high of $75.03. The firm has a 50-day moving average price of $72.22 and a 200-day moving average price of $71.38.

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.