iShares Select Dividend ETF (NASDAQ:DVY) Reaches New 1-Year High – Should You Buy?

iShares Select Dividend ETF (NASDAQ:DVY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $138.01 and last traded at $137.90, with a volume of 3038 shares trading hands. The stock had previously closed at $134.92.

iShares Select Dividend ETF Stock Performance

The stock’s 50 day moving average price is $134.16 and its 200 day moving average price is $127.65. The company has a market capitalization of $20.62 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 5.6% in the second quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock valued at $9,164,000 after purchasing an additional 4,031 shares during the last quarter. Mather Group LLC. increased its holdings in iShares Select Dividend ETF by 20.2% during the second quarter. Mather Group LLC. now owns 3,278 shares of the company’s stock worth $404,000 after buying an additional 550 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in iShares Select Dividend ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock worth $6,461,000 after buying an additional 1,041 shares during the last quarter. Fifth Third Securities Inc. increased its holdings in iShares Select Dividend ETF by 1.1% during the second quarter. Fifth Third Securities Inc. now owns 26,939 shares of the company’s stock worth $3,259,000 after buying an additional 294 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in iShares Select Dividend ETF by 12.0% during the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock worth $572,000 after buying an additional 455 shares during the last quarter. 46.08% of the stock is owned by 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.