iShares Select Dividend ETF (NASDAQ:DVY) Hits New 1-Year High – What’s Next?

iShares Select Dividend ETF (NASDAQ:DVY) reached a new 52-week high on Thursday . The company traded as high as $140.39 and last traded at $140.28, with a volume of 67813 shares. The stock had previously closed at $139.00.

iShares Select Dividend ETF Stock Performance

The business has a 50-day moving average of $135.40 and a 200-day moving average of $128.99. The stock has a market capitalization of $20.99 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company 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.

Hedge Funds Weigh In On iShares Select Dividend ETF

Institutional investors have recently bought and sold shares of the company. International Assets Investment Management LLC lifted its position in shares of iShares Select Dividend ETF by 17,525.9% during the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock worth $590,660,000 after purchasing an additional 4,348,183 shares in the last quarter. LPL Financial LLC boosted its position in iShares Select Dividend ETF by 4.6% in the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after buying an additional 64,620 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of iShares Select Dividend ETF by 2.1% in the second quarter. Commonwealth Equity Services LLC now owns 649,767 shares of the company’s stock worth $78,609,000 after acquiring an additional 13,366 shares in the last quarter. Jane Street Group LLC increased its position in shares of iShares Select Dividend ETF by 1,872.8% during the first quarter. Jane Street Group LLC now owns 617,469 shares of the company’s stock worth $76,060,000 after acquiring an additional 586,170 shares during the period. Finally, Raymond James & Associates raised its stake in shares of iShares Select Dividend ETF by 2.9% in the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after acquiring an additional 16,512 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

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.