Merit Financial Group LLC Has $5.06 Million Stock Holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Merit Financial Group LLC increased its stake in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 4.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 94,008 shares of the company’s stock after acquiring an additional 3,775 shares during the quarter. Merit Financial Group LLC’s holdings in iShares Core Dividend Growth ETF were worth $5,060,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. LPL Financial LLC grew its stake in shares of iShares Core Dividend Growth ETF by 5.1% in the third quarter. LPL Financial LLC now owns 10,626,839 shares of the company’s stock valued at $526,347,000 after acquiring an additional 511,407 shares in the last quarter. Capital Investment Advisors LLC boosted its stake in shares of iShares Core Dividend Growth ETF by 2.7% in the fourth quarter. Capital Investment Advisors LLC now owns 7,024,881 shares of the company’s stock valued at $378,079,000 after buying an additional 183,410 shares during the period. Royal Bank of Canada grew its position in iShares Core Dividend Growth ETF by 5.3% during the third quarter. Royal Bank of Canada now owns 5,601,527 shares of the company’s stock worth $277,444,000 after buying an additional 280,775 shares in the last quarter. UBS Group AG increased its stake in iShares Core Dividend Growth ETF by 0.4% during the 3rd quarter. UBS Group AG now owns 5,100,464 shares of the company’s stock worth $252,626,000 after acquiring an additional 18,497 shares during the period. Finally, Wealthfront Advisers LLC increased its position in shares of iShares Core Dividend Growth ETF by 42.1% in the third quarter. Wealthfront Advisers LLC now owns 4,153,422 shares of the company’s stock worth $205,719,000 after purchasing an additional 1,231,332 shares during the period.

iShares Core Dividend Growth ETF Price Performance

DGRO stock traded up $0.46 during midday trading on Friday, reaching $56.49. The company had a trading volume of 1,396,329 shares, compared to its average volume of 1,597,369. The company has a market capitalization of $26.60 billion, a price-to-earnings ratio of 18.84 and a beta of 0.89. iShares Core Dividend Growth ETF has a 1-year low of $47.19 and a 1-year high of $58.19. The stock has a 50 day moving average price of $56.68 and a 200-day moving average price of $54.00.

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.