iShares Select Dividend ETF (NASDAQ:DVY) Sets New 1-Year High – Here’s Why

iShares Select Dividend ETF (NASDAQ:DVYGet Free Report)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $165.86 and last traded at $165.86, with a volume of 26712 shares. The stock had previously closed at $163.27.

iShares Select Dividend ETF Price Performance

The firm has a market cap of $23.84 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The business has a fifty day simple moving average of $157.61 and a 200 day simple moving average of $154.00.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.0%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Annex Advisory Services LLC grew its holdings in shares of iShares Select Dividend ETF by 3.4% during the second quarter. Annex Advisory Services LLC now owns 2,965 shares of the company’s stock worth $463,000 after buying an additional 98 shares in the last quarter. Farrell Financial LLC acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at about $202,000. Ocean Park Asset Management LLC lifted its stake in shares of iShares Select Dividend ETF by 2.0% in the second quarter. Ocean Park Asset Management LLC now owns 4,243 shares of the company’s stock worth $663,000 after buying an additional 85 shares in the last quarter. Sage Capital Advisors llc lifted its stake in shares of iShares Select Dividend ETF by 2.2% in the second quarter. Sage Capital Advisors llc now owns 2,993 shares of the company’s stock worth $468,000 after buying an additional 64 shares in the last quarter. Finally, Charis Legacy Partners LLC lifted its stake in shares of iShares Select Dividend ETF by 36.8% in the second quarter. Charis Legacy Partners LLC now owns 3,216 shares of the company’s stock worth $503,000 after buying an additional 865 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Company Profile

(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.

Further Reading

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