iShares Select Dividend ETF (NASDAQ:DVY) Reaches New 52-Week High – Time to Buy?

iShares Select Dividend ETF (NASDAQ:DVY – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $166.90 and last traded at $166.74, with a volume of 47333 shares trading hands. The stock had previously closed at $164.95.

iShares Select Dividend ETF Trading Up 1.0%

The stock has a market capitalization of $24.26 billion, a PE ratio of 13.69 and a beta of 0.66. The stock’s fifty day simple moving average is $159.86 and its 200-day simple moving average is $155.51.

Get iShares Select Dividend ETF alerts:

iShares Select Dividend ETF Increases Dividend

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

Hedge Funds Weigh In On iShares Select Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the stock. First Bancorp Inc ME purchased a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth approximately $135,000. Compass Financial Management LLC bought a new position in iShares Select Dividend ETF during the second quarter valued at $284,000. Citizens Financial Group Inc. RI grew its holdings in iShares Select Dividend ETF by 2.7% during the second quarter. Citizens Financial Group Inc. RI now owns 40,029 shares of the company’s stock valued at $6,257,000 after purchasing an additional 1,043 shares during the period. BlackRock Inc. increased its position in iShares Select Dividend ETF by 19.6% in the second quarter. BlackRock Inc. now owns 34,306 shares of the company’s stock worth $5,362,000 after buying an additional 5,623 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in shares of iShares Select Dividend ETF by 30.8% in the second quarter. Deutsche Bank AG now owns 34,478 shares of the company’s stock valued at $5,389,000 after buying an additional 8,128 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

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.

Read More

• Five stocks we like better than iShares Select Dividend ETF
• The Pre-IPO Playbook: How to Cash in on Anthropic Before the Bell
• Tesla’s Cybercab Launch Could Reshape Margins for Uber and Lyft
• Pony AI Stock Gains Traction as Robotaxi Fleet Expands Globally
• Amazon Plugs $18B Into the Southern Power Grid

Receive News & Ratings for iShares Select Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Select Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.