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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) saw some unusual options trading activity on Monday. Traders purchased 31,404 call options on the company. This represents an increase of 3,277% compared to the typical daily volume of 930 call options.

iShares Core Dividend Growth ETF Price Performance

DGRO stock traded down $0.04 during midday trading on Monday, hitting $73.15. The company’s stock had a trading volume of 1,149,424 shares, compared to its average volume of 2,536,990. The company’s fifty day moving average price is $71.85 and its 200 day moving average price is $70.36. iShares Core Dividend Growth ETF has a twelve month low of $56.60 and a twelve month high of $74.28. The stock has a market capitalization of $39.39 billion, a P/E ratio of 19.66 and a beta of 0.80.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Greenline Wealth Management LLC bought a new stake in iShares Core Dividend Growth ETF in the fourth quarter valued at approximately $25,000. Tortoise Investment Management LLC raised its stake in iShares Core Dividend Growth ETF by 89.5% in the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after acquiring an additional 179 shares during the period. Ankerstar Wealth LLC acquired a new position in shares of iShares Core Dividend Growth ETF in the fourth quarter valued at about $26,000. Group One Trading LLC bought a new position in iShares Core Dividend Growth ETF during the third quarter worth about $28,000. Finally, Costello Asset Management INC raised its stake in iShares Core Dividend Growth ETF by 79.5% in 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 in 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.