Flagship Capital Management Inc. Invests $6.42 Million in iShares Core Dividend Growth ETF $DGRO

Flagship Capital Management Inc. purchased a new position in shares of iShares Core Dividend Growth ETF (NYSEARCA:DGRO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 92,492 shares of the company’s stock, valued at approximately $6,421,000. iShares Core Dividend Growth ETF comprises 4.5% of Flagship Capital Management Inc.’s investment portfolio, making the stock its 5th largest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vicus Capital grew its holdings in shares of iShares Core Dividend Growth ETF by 1.7% during the fourth quarter. Vicus Capital now owns 318,290 shares of the company’s stock worth $22,096,000 after purchasing an additional 5,409 shares during the last quarter. Yarger Wealth Strategies LLC grew its holdings in shares of iShares Core Dividend Growth ETF by 1.1% during the fourth quarter. Yarger Wealth Strategies LLC now owns 121,809 shares of the company’s stock worth $8,456,000 after purchasing an additional 1,325 shares during the last quarter. Beacon Financial Planning Inc. grew its holdings in shares of iShares Core Dividend Growth ETF by 9.3% during the fourth quarter. Beacon Financial Planning Inc. now owns 21,277 shares of the company’s stock worth $1,477,000 after purchasing an additional 1,809 shares during the last quarter. Powers Advisory Group LLC grew its holdings in shares of iShares Core Dividend Growth ETF by 4.2% during the fourth quarter. Powers Advisory Group LLC now owns 270,252 shares of the company’s stock worth $18,761,000 after purchasing an additional 10,778 shares during the last quarter. Finally, Echo Wealth Management LLC grew its holdings in shares of iShares Core Dividend Growth ETF by 30.3% during the fourth quarter. Echo Wealth Management LLC now owns 56,281 shares of the company’s stock worth $3,907,000 after purchasing an additional 13,081 shares during the last quarter.

iShares Core Dividend Growth ETF Price Performance

Shares of DGRO stock opened at $72.28 on Friday. The business’s 50 day simple moving average is $71.88 and its 200 day simple moving average is $70.13. iShares Core Dividend Growth ETF has a one year low of $55.82 and a one year high of $74.28. The stock has a market capitalization of $38.75 billion, a PE ratio of 19.66 and a beta of 0.80.

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.