iShares Select Dividend ETF (NASDAQ:DVY) Sets New 52-Week High – Here’s Why

Shares of iShares Select Dividend ETF (NASDAQ:DVY) reached a new 52-week high on Tuesday . The company traded as high as $136.76 and last traded at $136.41, with a volume of 87216 shares traded. The stock had previously closed at $135.15.

iShares Select Dividend ETF Price Performance

The company has a market cap of $20.29 billion, a PE ratio of 13.25 and a beta of 0.87. The business’s 50 day moving average is $132.15 and its 200-day moving average is $125.92.

iShares Select Dividend ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were issued a dividend of $1.5496 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $49,000. Fisher Asset Management LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter valued at about $483,000. CWM LLC lifted its position in shares of iShares Select Dividend ETF by 2.2% during the 1st quarter. CWM LLC now owns 33,702 shares of the company’s stock valued at $4,151,000 after acquiring an additional 725 shares during the period. NBC Securities Inc. boosted its stake in shares of iShares Select Dividend ETF by 2.2% during the 1st quarter. NBC Securities Inc. now owns 14,097 shares of the company’s stock worth $1,736,000 after acquiring an additional 299 shares in the last quarter. Finally, Summit Financial Group Inc. grew its holdings in shares of iShares Select Dividend ETF by 0.6% in the 1st quarter. Summit Financial Group Inc. now owns 41,101 shares of the company’s stock worth $5,063,000 after acquiring an additional 265 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

About iShares Select Dividend ETF

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.