Northwestern Mutual Wealth Management Co. Decreases Position in iShares Core Dividend Growth ETF $DGRO

Northwestern Mutual Wealth Management Co. lessened its holdings in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 88.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 263,287 shares of the company’s stock after selling 2,037,780 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares Core Dividend Growth ETF were worth $18,277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DGRO. Tortoise Investment Management LLC boosted its position in iShares Core Dividend Growth ETF by 89.5% in the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after buying an additional 179 shares during the period. Group One Trading LLC purchased a new position in iShares Core Dividend Growth ETF in the 3rd quarter valued at approximately $28,000. Costello Asset Management INC boosted its position in iShares Core Dividend Growth ETF by 79.5% in the 3rd quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after buying an additional 186 shares during the period. Strategic Wealth Investment Group LLC purchased a new position in iShares Core Dividend Growth ETF in the 2nd quarter valued at approximately $29,000. Finally, Grey Fox Wealth Advisors LLC purchased a new position in iShares Core Dividend Growth ETF in the 3rd quarter valued at approximately $33,000.

iShares Core Dividend Growth ETF Stock Up 0.5%

Shares of DGRO stock opened at $73.88 on Thursday. iShares Core Dividend Growth ETF has a 52 week low of $60.73 and a 52 week high of $74.28. The stock has a market capitalization of $39.76 billion, a PE ratio of 19.66 and a beta of 0.77. The firm has a 50 day moving average of $71.78 and a two-hundred day moving average of $71.09.

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.