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

iShares Core Dividend Growth ETF (NYSEARCA:DGRO) was the target of some unusual options trading activity on Wednesday. Investors acquired 16,376 call options on the company. This is an increase of approximately 2,355% compared to the average daily volume of 667 call options.

iShares Core Dividend Growth ETF Stock Down 0.5%

Shares of DGRO stock traded down $0.37 during trading hours on Wednesday, hitting $76.58. 795,499 shares of the company’s stock traded hands, compared to its average volume of 1,870,029. The stock’s fifty day simple moving average is $78.55 and its two-hundred day simple moving average is $75.22. iShares Core Dividend Growth ETF has a 12-month low of $66.92 and a 12-month high of $80.58. The stock has a market cap of $42.76 billion, a price-to-earnings ratio of 19.66 and a beta of 0.76.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Accel Wealth Management raised its position in shares of iShares Core Dividend Growth ETF by 6.6% in the 2nd quarter. Accel Wealth Management now owns 258,988 shares of the company’s stock worth $19,629,000 after purchasing an additional 15,988 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its stake in iShares Core Dividend Growth ETF by 761.8% in the 4th quarter. Texas Capital Bank Wealth Management Services Inc now owns 50,598 shares of the company’s stock worth $3,513,000 after purchasing an additional 44,727 shares in the last quarter. SHP Wealth Management purchased a new stake in iShares Core Dividend Growth ETF during the 4th quarter valued at about $84,235,000. SVRN Asset Management LLC purchased a new stake in iShares Core Dividend Growth ETF during the 4th quarter valued at about $14,876,000. Finally, Rothschild Wealth LLC bought a new stake in iShares Core Dividend Growth ETF during the 4th quarter valued at about $11,781,000.

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.