Cullen Frost Bankers Inc. Grows Stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

Cullen Frost Bankers Inc. increased its stake in iShares Core Dividend Growth ETF (NYSEARCA:DGRO) by 74.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,092 shares of the company’s stock after acquiring an additional 9,821 shares during the period. Cullen Frost Bankers Inc.’s holdings in iShares Core Dividend Growth ETF were worth $1,416,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ulland Investment Advisors LLC purchased a new position in shares of iShares Core Dividend Growth ETF during the fourth quarter valued at approximately $27,000. Truvestments Capital LLC bought a new position in iShares Core Dividend Growth ETF in the third quarter worth approximately $28,000. Y.D. More Investments Ltd bought a new position in iShares Core Dividend Growth ETF in the fourth quarter worth approximately $33,000. Synergy Investment Management LLC bought a new position in iShares Core Dividend Growth ETF in the fourth quarter worth approximately $37,000. Finally, Tompkins Financial Corp purchased a new position in iShares Core Dividend Growth ETF in the fourth quarter worth $41,000.

iShares Core Dividend Growth ETF Trading Up 1.1 %

NYSEARCA DGRO opened at $63.31 on Friday. The firm’s fifty day simple moving average is $62.86 and its two-hundred day simple moving average is $62.74. iShares Core Dividend Growth ETF has a 12-month low of $55.08 and a 12-month high of $65.08. The firm has a market capitalization of $31.02 billion, a P/E ratio of 22.22 and a beta of 0.89.

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.