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

iShares Select Dividend ETF (NASDAQ:DVY)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $155.79 and last traded at $155.2890, with a volume of 108687 shares changing hands. The stock had previously closed at $155.06.

iShares Select Dividend ETF Stock Up 0.5%

The stock has a fifty day moving average of $145.59 and a 200-day moving average of $142.02. The stock has a market cap of $22.72 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were issued a $1.6162 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in DVY. SCS Capital Management LLC increased its stake in shares of iShares Select Dividend ETF by 3.4% during the 4th quarter. SCS Capital Management LLC now owns 8,735 shares of the company’s stock worth $1,233,000 after purchasing an additional 285 shares in the last quarter. Peapack Gladstone Financial Corp increased its position in iShares Select Dividend ETF by 0.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 18,303 shares of the company’s stock worth $2,583,000 after buying an additional 150 shares in the last quarter. Lcnb Corp raised its holdings in shares of iShares Select Dividend ETF by 6.4% in the fourth quarter. Lcnb Corp now owns 2,157 shares of the company’s stock worth $304,000 after acquiring an additional 130 shares during the last quarter. Clear Harbor Asset Management LLC lifted its position in shares of iShares Select Dividend ETF by 61.2% in the fourth quarter. Clear Harbor Asset Management LLC now owns 5,270 shares of the company’s stock valued at $744,000 after acquiring an additional 2,000 shares in the last quarter. Finally, Essex Financial Services Inc. boosted its stake in shares of iShares Select Dividend ETF by 0.6% during the fourth quarter. Essex Financial Services Inc. now owns 21,910 shares of the company’s stock valued at $3,092,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.