JGP Wealth Management LLC has increased its investment in the iShares Core Dividend Growth ETF (NYSEARCA: DGRO) by 4.0% during the third quarter of 2023. According to the firm’s recent Form 13F filing with the U.S. Securities and Exchange Commission (SEC), JGP now holds 487,776 shares after acquiring an additional 18,810 shares in the period. This investment represents approximately 3.7% of JGP’s overall portfolio, positioning the iShares Core Dividend Growth ETF as the firm’s sixth largest holding.
At the close of the most recent quarter, JGP Wealth Management’s stake in the ETF was valued at around $33.3 million. This strategic move comes as other hedge funds are also adjusting their positions in the iShares Core Dividend Growth ETF. For instance, Proathlete Wealth Management LLC initiated a new stake in the ETF valued at approximately $25,000 during the second quarter. Additionally, Rise Advisors LLC and Private Wealth Asset Management LLC acquired new positions worth $27,000 and $28,000, respectively, in the first and second quarters. Strategic Wealth Investment Group LLC and Keystone Global Partners LLC also added new stakes valued at $29,000 and $30,000 during the same period.
Performance Overview of iShares Core Dividend Growth ETF
As of the latest trading session, iShares Core Dividend Growth ETF opened at $70.18. The stock has shown a steady performance with a fifty-day moving average of $68.82 and a two-hundred-day moving average of $66.85. The ETF boasts a market capitalization of $35.62 billion and a price-to-earnings ratio of 19.66. Over the past year, the stock has fluctuated between a low of $54.09 and a high of $70.61.
The iShares Core Dividend Growth ETF, launched on June 10, 2014, is managed by BlackRock. This exchange-traded fund is designed to track the Morningstar US Dividend Growth Index, selecting U.S. stocks based on their dividends, dividend growth, and payout ratios, and then weighting them by dividend dollars.
For those interested in tracking institutional holdings, more information can be accessed at HoldingsChannel.com, where the latest 13F filings and insider trades for the iShares Core Dividend Growth ETF are available. Investors can also subscribe to MarketBeat.com’s daily newsletter for a concise summary of the latest news and analysts’ ratings concerning the ETF and related companies.
