Brighton Jones LLC Increases Stake in iShares Core Dividend Growth ETF

Brighton Jones LLC has notably increased its investment in the iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by an impressive 52.5% during the fourth quarter of the year, as reported by Holdings Channel. After acquiring an additional 2,304 shares during the quarter, Brighton Jones LLC now holds a total of 6,696 shares in the ETF. The value of their investment in iShares Core Dividend Growth ETF has reached approximately $411,000 at the end of the latest reporting period.

Additionally, other institutional investors have also adjusted their positions in DGRO. For example, Sanctuary Advisors LLC made a significant purchase by acquiring a new stake in the iShares Core Dividend Growth ETF in the second quarter, valued at $45,148,000. MML Investors Services LLC increased its investment by 20.4% during the third quarter, bringing their total to 3,796,963 shares worth $238,032,000 after adding 644,193 shares to their portfolio. Similarly, Smith Anglin Financial LLC raised its holding in DGRO by 78.4% during the same period, now owning 1,346,692 shares valued at $84,424,000 after purchasing 591,701 shares more in the last quarter. LPL Financial LLC also expanded its holdings by 3.2% during the third quarter, reaching a total of 13,363,898 shares worth $837,783,000 after acquiring an additional 413,083 shares. Lastly, Summit Investment Advisory Services LLC invested in DGRO during the third quarter with a stake valued at around $23,432,000.

Performance of iShares Core Dividend Growth ETF

As of the market open on Monday, the iShares Core Dividend Growth ETF is priced at $63.33. The ETF has a 50-day simple moving average of $62.71 and a 200-day simple moving average of $61.93. With a market cap of $29.98 billion, the ETF shows a price-to-earnings ratio of 19.25 and a beta of 0.71, reflecting its volatility in comparison to the market. It has recorded a one-year low of $54.31 and a one-year high of $65.08.

Overview of iShares Core Dividend Growth ETF

The iShares Core Dividend Growth ETF (DGRO) is an exchange-traded fund that tracks the Morningstar US Dividend Growth index. It is designed to follow a selection of US stocks that are chosen based on their dividends, dividend growth, and payout ratios, with stocks weighted by the dividend amount. Launched on June 10, 2014, this ETF is managed by BlackRock.

investment, ETF, growth