Stock Traders Purchase Large Volume of Call Options on iShares Core Dividend Growth ETF (NYSEARCA:DGRO)

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) was the target of unusually large options trading activity on Friday. Stock investors purchased 31,840 call options on the stock. This represents an increase of approximately 3,302% compared to the typical daily volume of 936 call options.

iShares Core Dividend Growth ETF Stock Up 0.7 %

Shares of NYSEARCA DGRO opened at $55.71 on Friday. The firm’s 50-day simple moving average is $56.52 and its 200 day simple moving average is $53.51. The company has a market cap of $26.23 billion, a price-to-earnings ratio of 18.84 and a beta of 0.89. iShares Core Dividend Growth ETF has a 12-month low of $47.19 and a 12-month high of $58.19.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Etfidea LLC lifted its position in iShares Core Dividend Growth ETF by 1.2% during the 3rd quarter. Etfidea LLC now owns 563,525 shares of the company’s stock valued at $27,911,000 after purchasing an additional 6,948 shares during the period. Financial Insights Inc. acquired a new position in iShares Core Dividend Growth ETF during the 3rd quarter valued at about $2,211,000. Tritonpoint Wealth LLC acquired a new position in iShares Core Dividend Growth ETF during the 4th quarter valued at about $299,000. Regent Peak Wealth Advisors LLC lifted its position in iShares Core Dividend Growth ETF by 2.1% during the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 146,980 shares of the company’s stock valued at $7,280,000 after purchasing an additional 3,081 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC lifted its position in iShares Core Dividend Growth ETF by 1.6% during the 3rd quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 275,767 shares of the company’s stock valued at $13,659,000 after purchasing an additional 4,391 shares during the period.

iShares Core Dividend Growth ETF Company 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.