Summit Investment Advisory Services LLC Acquires New Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Summit Investment Advisory Services LLC acquired a new stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 373,780 shares of the company’s stock, valued at approximately $23,432,000. iShares Core Dividend Growth ETF accounts for 12.4% of Summit Investment Advisory Services LLC’s holdings, making the stock its 3rd biggest holding. Summit Investment Advisory Services LLC owned approximately 0.08% of iShares Core Dividend Growth ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DGRO. Vanguard Group Inc. grew its stake in iShares Core Dividend Growth ETF by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 31,878 shares of the company’s stock worth $1,851,000 after purchasing an additional 780 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. grew its stake in iShares Core Dividend Growth ETF by 2.4% during the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 38,604 shares of the company’s stock worth $2,224,000 after purchasing an additional 889 shares in the last quarter. Cornell Pochily Investment Advisors Inc. grew its stake in iShares Core Dividend Growth ETF by 7.6% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 73,962 shares of the company’s stock worth $4,637,000 after purchasing an additional 5,254 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in iShares Core Dividend Growth ETF by 712.3% during the 1st quarter. Janiczek Wealth Management LLC now owns 4,874 shares of the company’s stock worth $283,000 after purchasing an additional 4,274 shares in the last quarter. Finally, Vicus Capital grew its stake in iShares Core Dividend Growth ETF by 4.8% during the 1st quarter. Vicus Capital now owns 318,603 shares of the company’s stock worth $18,498,000 after purchasing an additional 14,508 shares in the last quarter.

iShares Core Dividend Growth ETF Stock Performance

Shares of NYSEARCA:DGRO traded up $0.03 on Thursday, hitting $63.83. 209,357 shares of the company’s stock were exchanged, compared to its average volume of 1,399,110. The firm’s 50-day moving average is $61.66 and its 200 day moving average is $59.07. The company has a market capitalization of $30.22 billion, a PE ratio of 19.25 and a beta of 0.71. iShares Core Dividend Growth ETF has a 1-year low of $47.19 and a 1-year high of $63.96.

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.