5 Dividend ETFs to Buy Now

4. iShares Core Dividend Growth ETF (NYSE:DGRO)

Net Assets: $20 billion

iShares Core Dividend Growth ETF (NYSE:DGRO) is an exchange traded fund that tracks the investment returns of the Morningstar US Dividend Growth Index which comprises a large group of companies that trade on exchanges in the United States. 

iShares Core Dividend Growth ETF (NYSE:DGRO) has invested heavily in Pfizer Inc. (NYSE:PFE), a New York-based firm that makes and sells pharmaceutical products across the world. 

At the end of the second quarter of 2021, 67 hedge funds in the database of Insider Monkey held stakes worth $2.3 billion in Pfizer Inc. (NYSE:PFE), up from 65 in the preceding quarter worth $2 billion.

In its Q1 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Pfizer Inc. (NYSE:PFE) was one of them. Here is what the fund said:

“Our underweights in health care and staples contributed to relative performance during the period. As we continue to focus the portfolio on high-conviction ideas, we sold Pfizer in late 2020, in the health care sector.”