iShares Select Dividend ETF (NASDAQ:DVY) Hits New 12-Month High – Here’s What Happened

iShares Select Dividend ETF (NASDAQ:DVYGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $160.73 and last traded at $160.41, with a volume of 42267 shares changing hands. The stock had previously closed at $158.45.

iShares Select Dividend ETF Price Performance

The company has a market cap of $23.57 billion, a PE ratio of 13.69 and a beta of 0.66. The company has a 50-day moving average of $154.68 and a 200 day moving average of $151.66.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $1.2472 dividend. This represents a $4.99 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

Institutional Trading of iShares Select Dividend ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC increased its position in iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after acquiring an additional 1,524 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of iShares Select Dividend ETF by 44.7% in the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after acquiring an additional 3,918 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth about $34,000. NewEdge Advisors LLC boosted its stake in shares of iShares Select Dividend ETF by 0.4% during the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after purchasing an additional 326 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of iShares Select Dividend ETF by 52.8% during the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after purchasing an additional 8,479 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

About iShares Select Dividend ETF

(Get Free Report)

iShares Select Dividend ETF, formerly iShares Dow Jones Select Dividend Index Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the Dow Jones U.S. 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 U.S.

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