Bank of New York Mellon Corp Decreases Stock Position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Bank of New York Mellon Corp lessened its position in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 48.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 938,710 shares of the company’s stock after selling 872,819 shares during the quarter. Bank of New York Mellon Corp owned about 0.20% of iShares Core Dividend Growth ETF worth $57,580,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its stake in shares of iShares Core Dividend Growth ETF by 3.2% in the third quarter. LPL Financial LLC now owns 13,363,898 shares of the company’s stock valued at $837,783,000 after buying an additional 413,083 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of iShares Core Dividend Growth ETF by 1.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 7,842,422 shares of the company’s stock worth $491,641,000 after acquiring an additional 108,051 shares in the last quarter. Capital Investment Advisors LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 2.5% in the 4th quarter. Capital Investment Advisors LLC now owns 7,495,566 shares of the company’s stock valued at $459,778,000 after purchasing an additional 180,448 shares during the last quarter. MML Investors Services LLC lifted its holdings in shares of iShares Core Dividend Growth ETF by 20.4% in the 3rd quarter. MML Investors Services LLC now owns 3,796,963 shares of the company’s stock valued at $238,032,000 after purchasing an additional 644,193 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of iShares Core Dividend Growth ETF by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,304,969 shares of the company’s stock valued at $207,189,000 after purchasing an additional 130,763 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Down 1.7 %

DGRO opened at $62.60 on Wednesday. The business has a 50 day moving average price of $62.83 and a two-hundred day moving average price of $62.73. The company has a market cap of $30.67 billion, a PE ratio of 22.22 and a beta of 0.89. iShares Core Dividend Growth ETF has a 52 week low of $55.08 and a 52 week high of $65.08.

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.