Brown Miller Wealth Management LLC Takes Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Brown Miller Wealth Management LLC bought a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 62,119 shares of the company’s stock, valued at approximately $3,343,000. iShares Core Dividend Growth ETF accounts for about 1.7% of Brown Miller Wealth Management LLC’s investment portfolio, making the stock its 10th largest holding.

Several other large investors have also recently added to or reduced their stakes in DGRO. Ayrshire Capital Management LLC raised its holdings in iShares Core Dividend Growth ETF by 2.1% in the fourth quarter. Ayrshire Capital Management LLC now owns 9,837 shares of the company’s stock valued at $529,000 after buying an additional 199 shares during the period. Centurion Wealth Management LLC lifted its stake in iShares Core Dividend Growth ETF by 0.6% during the third quarter. Centurion Wealth Management LLC now owns 34,693 shares of the company’s stock valued at $1,718,000 after buying an additional 209 shares in the last quarter. Patriot Investment Management Group Inc. increased its holdings in shares of iShares Core Dividend Growth ETF by 0.9% in the 3rd quarter. Patriot Investment Management Group Inc. now owns 24,131 shares of the company’s stock valued at $1,195,000 after purchasing an additional 216 shares during the period. Mayflower Financial Advisors LLC increased its holdings in iShares Core Dividend Growth ETF by 1.1% in the third quarter. Mayflower Financial Advisors LLC now owns 20,579 shares of the company’s stock worth $1,019,000 after buying an additional 219 shares during the last quarter. Finally, Financial Life Advisors grew its holdings in iShares Core Dividend Growth ETF by 0.7% during the third quarter. Financial Life Advisors now owns 32,339 shares of the company’s stock valued at $1,602,000 after purchasing an additional 240 shares during the last quarter.

iShares Core Dividend Growth ETF Trading Up 0.3 %

DGRO stock traded up $0.18 during midday trading on Thursday, hitting $58.06. The stock had a trading volume of 1,233,771 shares, compared to its average volume of 1,623,687. The firm has a market capitalization of $26.87 billion, a price-to-earnings ratio of 15.16 and a beta of 0.89. The stock has a 50-day simple moving average of $55.94 and a 200 day simple moving average of $52.86. iShares Core Dividend Growth ETF has a 52 week low of $47.19 and a 52 week high of $58.19.

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.