iShares Core Dividend Growth ETF Sees Unusually High Option Volume (NYSEARCA:DGRO)

iShares Core Dividend Growth ETF (NYSEARCA:DGRO – Get Your Free Report ) was the target of some unusual options trading activity on Friday. Investors in the stock purchased 30,717 call options on the company. This is a 3,253% increase from the average volume of 916 call options.

iShares Core Dividend Growth ETF trading up 0.3%

Shares of iShares Core Dividend Growth ETF stock opened at $60.57 on Friday. iShares Core Dividend Growth ETF has a 52-week low of $47.19 and a 52-week high of $60.66. The stock has a market cap of $28.68 billion, a price-to-earnings ratio of 19.25 and a beta of 0.71. The company’s 50-day moving average price is $58.60, and its two-hundred-day moving average price is $57.32.

Institutional inputs and outputs

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers raised its stake in iShares Core Dividend Growth ETF by 319.5% in the first quarter. Cetera Investment Advisers now owns 1,922,423 shares of the company’s stock valued at $111,616,000 after buying an additional 1,464,167 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in iShares Core Dividend Growth ETF by 1,953.2% during the second quarter. Strategic Financial Concepts LLC now owns 1,285,983 shares of the company’s stock valued at $741,000 after buying an additional 1,223,349 shares in the last quarter. LPL Financial LLC raised its stake in iShares Core Dividend Growth ETF by 8.8% during the second quarter. LPL Financial LLC now owns 12,950,815 shares of the company’s stock valued at $746,096,000 after buying an additional 1,047,837 shares in the last quarter. Wells Fargo & Company MN raised its holdings in iShares Core Dividend Growth ETF by 11.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,252,724 shares of the company’s stock worth $282,702,000 after acquiring an additional 518,671 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in iShares Core Dividend Growth ETF by 4.3% in the second quarter. Envestnet Asset Management Inc. now owns 9,006,470 shares of the company’s stock worth $518,863,000 after purchasing an additional 368,759 shares in the last quarter.

About the iShares Core Dividend Growth ETF

(Get a free report)

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 based on dividends, dividend growth and payout ratio, then weighted by dividend dollars. DGRO was launched on June 10, 2014 and is managed by BlackRock.

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