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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) saw some unusual options trading on Wednesday. Investors bought 29,945 call options on the company. This is an increase of 6,382% compared to the typical volume of 462 call options.

Hedge Funds Weigh In On iShares Core Dividend Growth ETF

Several institutional investors have recently bought and sold shares of DGRO. Tortoise Investment Management LLC raised its position in shares of iShares Core Dividend Growth ETF by 89.5% during the 3rd quarter. Tortoise Investment Management LLC now owns 379 shares of the company’s stock valued at $26,000 after buying an additional 179 shares in the last quarter. Private Wealth Asset Management LLC purchased a new position in shares of iShares Core Dividend Growth ETF in the 2nd quarter worth approximately $28,000. Group One Trading LLC bought a new position in shares of iShares Core Dividend Growth ETF during the 3rd quarter valued at approximately $28,000. Costello Asset Management INC increased its position in shares of iShares Core Dividend Growth ETF by 79.5% during the 3rd quarter. Costello Asset Management INC now owns 420 shares of the company’s stock valued at $29,000 after purchasing an additional 186 shares during the last quarter. Finally, Strategic Wealth Investment Group LLC purchased a new stake in iShares Core Dividend Growth ETF during the 2nd quarter valued at $29,000.

iShares Core Dividend Growth ETF Stock Performance

NYSEARCA:DGRO traded up $0.45 during trading hours on Wednesday, reaching $72.96. The stock had a trading volume of 2,409,661 shares, compared to its average volume of 2,446,257. The stock has a market capitalization of $38.07 billion, a PE ratio of 19.66 and a beta of 0.84. iShares Core Dividend Growth ETF has a 52 week low of $54.09 and a 52 week high of $73.15. The company has a 50 day moving average price of $70.40 and a two-hundred day moving average price of $68.32.

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.