iShares Core Dividend Growth ETF Target of Unusually Large Options Trading (NYSEARCA:DGRO)

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) was the target of some unusual options trading on Wednesday. Traders acquired 29,945 call options on the stock. This is an increase of 6,382% compared to the typical volume of 462 call options.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA DGRO opened at $73.06 on Thursday. iShares Core Dividend Growth ETF has a one year low of $54.09 and a one year high of $73.25. The firm has a market cap of $38.12 billion, a PE ratio of 19.66 and a beta of 0.84. The firm’s fifty day moving average is $70.47 and its two-hundred day moving average is $68.35.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DGRO. Tortoise Investment Management LLC raised its holdings in iShares Core Dividend Growth ETF by 89.5% during the third quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock worth $26,000 after purchasing an additional 179 shares in the last quarter. Private Wealth Asset Management LLC acquired a new position in iShares Core Dividend Growth ETF during the second quarter worth $28,000. Group One Trading LLC purchased a new position in iShares Core Dividend Growth ETF in the third quarter worth $28,000. Costello Asset Management INC grew its stake in shares of iShares Core Dividend Growth ETF by 79.5% during the 3rd quarter. Costello Asset Management INC now owns 420 shares of the company’s stock worth $29,000 after purchasing an additional 186 shares during the period. Finally, Strategic Wealth Investment Group LLC acquired a new position in shares of iShares Core Dividend Growth ETF during the 2nd quarter worth $29,000.

About iShares Core Dividend Growth ETF

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.