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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) was the recipient of unusually large options trading activity on Wednesday. Stock investors bought 16,376 call options on the company. This is an increase of approximately 2,355% compared to the typical daily volume of 667 call options.

iShares Core Dividend Growth ETF Price Performance

NYSEARCA DGRO traded down $0.37 during trading hours on Wednesday, reaching $76.58. 795,499 shares of the stock traded hands, compared to its average volume of 1,870,029. The company has a market cap of $42.76 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76. The stock has a 50 day simple moving average of $78.55 and a two-hundred day simple moving average of $75.22. iShares Core Dividend Growth ETF has a 1 year low of $66.92 and a 1 year high of $80.58.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Anchor Investment Management LLC raised its holdings in iShares Core Dividend Growth ETF by 3.8% in the second quarter. Anchor Investment Management LLC now owns 29,351 shares of the company’s stock worth $2,225,000 after purchasing an additional 1,073 shares in the last quarter. Lotus Asset Management LLC bought a new stake in shares of iShares Core Dividend Growth ETF during the 2nd quarter valued at $2,754,000. SVB Wealth LLC purchased a new stake in shares of iShares Core Dividend Growth ETF in the 2nd quarter worth about $202,000. Concorde Asset Management LLC grew its position in shares of iShares Core Dividend Growth ETF by 11.3% in the 2nd quarter. Concorde Asset Management LLC now owns 4,592 shares of the company’s stock worth $348,000 after buying an additional 465 shares during the period. Finally, Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of iShares Core Dividend Growth ETF by 9.4% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 19,084 shares of the company’s stock worth $1,446,000 after acquiring an additional 1,643 shares in the last quarter.

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.