iShares International Select Dividend ETF (BATS:IDV) Shares Up 46.4% – Here’s Why

iShares International Select Dividend ETF (BATS:IDV)’s share price were up 46.4% on Monday . The stock traded as high as $27.6783 and last traded at $39.9350. Approximately 516,969 shares traded hands during trading, a decline of 17% from the average daily volume of 626,057 shares. The stock had previously closed at $27.28.

iShares International Select Dividend ETF Trading Up 46.4%

The stock has a market cap of $6.17 billion, a PE ratio of 10.09 and a beta of 0.76. The business has a fifty day simple moving average of $38.75 and a two-hundred day simple moving average of $37.08.

Hedge Funds Weigh In On iShares International Select Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in iShares International Select Dividend ETF by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 3,947,824 shares of the company’s stock worth $137,315,000 after buying an additional 43,708 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of iShares International Select Dividend ETF by 53.2% during the second quarter. Bank of New York Mellon Corp now owns 2,491,273 shares of the company’s stock valued at $85,974,000 after acquiring an additional 865,053 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares International Select Dividend ETF by 2.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,009,558 shares of the company’s stock worth $36,899,000 after acquiring an additional 22,186 shares during the last quarter. Arkadios Wealth Advisors lifted its position in iShares International Select Dividend ETF by 5.8% in the 3rd quarter. Arkadios Wealth Advisors now owns 718,900 shares of the company’s stock valued at $26,276,000 after acquiring an additional 39,121 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in iShares International Select Dividend ETF by 4.7% in the 3rd quarter. Parallel Advisors LLC now owns 545,687 shares of the company’s stock valued at $19,945,000 after acquiring an additional 24,645 shares in the last quarter.

iShares International Select Dividend ETF Company Profile

iShares International Select Dividend ETF, formerly iShares Dow Jones International Select Dividend Index Fund, seeks investment results that correspond to the price and yield performance of the Dow Jones EPAC Select Dividend Index (the Index). The Index measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones World Developed-Ex.