iShares Select Dividend ETF (NASDAQ:DVY) Hits New 52-Week High – What’s Next?

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

iShares Select Dividend ETF Price Performance

The business’s fifty day moving average price is $155.06 and its 200 day moving average price is $152.01. The stock has a market cap of $23.20 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed 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 represents a $4.99 dividend on an annualized basis and a yield of 3.2%. 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 have recently added to or reduced their stakes in the stock. Caitlin John LLC acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter worth $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at $26,000. Ransom Advisory Ltd acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at $27,000. Miller Capital Partners Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at $30,000. Finally, Main Street Group LTD bought a new stake in iShares Select Dividend ETF during the 1st quarter worth $33,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Company Profile

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.