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 recipient of unusually large options trading activity on Friday. Stock traders bought 31,840 call options on the company. This is an increase of approximately 3,302% compared to the average volume of 936 call options.

iShares Core Dividend Growth ETF Trading Up 0.7 %

Shares of DGRO opened at $55.71 on Friday. The stock has a market cap of $26.23 billion, a P/E ratio of 18.84 and a beta of 0.89. The company has a 50-day moving average of $56.52 and a two-hundred day moving average of $53.51. iShares Core Dividend Growth ETF has a 12-month low of $47.19 and a 12-month high of $58.19.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC raised its position in shares of 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 buying an additional 114,428,100 shares during the last quarter. First Command Advisory Services Inc. raised its position in shares of iShares Core Dividend Growth ETF by 638.9% in the third quarter. First Command Advisory Services Inc. now owns 1,596,372 shares of the company’s stock valued at $79,077,000 after buying an additional 1,380,322 shares during the last quarter. Stifel Financial Corp raised its position in shares of iShares Core Dividend Growth ETF by 211.4% in the first quarter. Stifel Financial Corp now owns 1,852,920 shares of the company’s stock valued at $92,630,000 after buying an additional 1,257,796 shares during the last quarter. Morgan Stanley raised its position in shares of iShares Core Dividend Growth ETF by 7.1% in the fourth quarter. Morgan Stanley now owns 18,545,890 shares of the company’s stock valued at $927,295,000 after buying an additional 1,232,407 shares during the last quarter. Finally, Wealthfront Advisers LLC raised its position in shares of iShares Core Dividend Growth ETF by 42.1% in the third quarter. Wealthfront Advisers LLC now owns 4,153,422 shares of the company’s stock valued at $205,719,000 after buying an additional 1,231,332 shares during the last quarter.

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.