iShares Core Dividend Growth ETF Sees Unusually Large Options Volume (NYSEARCA:DGRO)

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DGRO. Moneta Group Investment Advisors LLC boosted its holdings in iShares Core Dividend Growth ETF by 626,659.9% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 114,446,360 shares of the company’s stock valued at $5,722,318,000 after purchasing an additional 114,428,100 shares during the period. First Command Advisory Services Inc. lifted its holdings in iShares Core Dividend Growth ETF by 638.9% during the 3rd quarter. First Command Advisory Services Inc. now owns 1,596,372 shares of the company’s stock worth $79,077,000 after buying an additional 1,380,322 shares during the last quarter. Stifel Financial Corp lifted its holdings in iShares Core Dividend Growth ETF by 211.4% during the 1st quarter. Stifel Financial Corp now owns 1,852,920 shares of the company’s stock worth $92,630,000 after buying an additional 1,257,796 shares during the last quarter. Morgan Stanley lifted its holdings in iShares Core Dividend Growth ETF by 7.1% during the 4th quarter. Morgan Stanley now owns 18,545,890 shares of the company’s stock worth $927,295,000 after buying an additional 1,232,407 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its holdings in iShares Core Dividend Growth ETF by 42.1% during the 3rd quarter. Wealthfront Advisers LLC now owns 4,153,422 shares of the company’s stock worth $205,719,000 after buying an additional 1,231,332 shares during the last quarter.

iShares Core Dividend Growth ETF Stock Performance

Shares of DGRO traded up $0.35 during midday trading on Friday, hitting $55.65. 559,443 shares of the stock were exchanged, compared to its average volume of 1,596,289. The firm has a market cap of $26.20 billion, a P/E ratio of 18.84 and a beta of 0.89. The stock has a fifty day simple moving average of $56.51 and a 200 day simple moving average of $53.46. iShares Core Dividend Growth ETF has a 52-week low of $47.19 and a 52-week high of $58.19.

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.