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

iShares Select Dividend ETF (NASDAQ:DVY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $146.07 and last traded at $145.1560, with a volume of 209019 shares. The stock had previously closed at $145.29.

iShares Select Dividend ETF Price Performance

The company’s fifty day moving average price is $141.85 and its 200-day moving average price is $140.03. The stock has a market cap of $21.41 billion, a price-to-earnings 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. Investors of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 annualized dividend and a dividend yield of 4.5%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its holdings in iShares Select Dividend ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after buying an additional 256,434 shares during the period. Laurel Wealth Advisors LLC increased its position in shares of iShares Select Dividend ETF by 13,158.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock valued at $252,022,000 after purchasing an additional 1,883,298 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in iShares Select Dividend ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock worth $214,086,000 after buying an additional 57,961 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares Select Dividend ETF by 1.6% in the third quarter. JPMorgan Chase & Co. now owns 1,549,408 shares of the company’s stock valued at $220,171,000 after purchasing an additional 24,718 shares in the last quarter. Finally, Kingstone Capital Partners Texas LLC acquired a new stake in iShares Select Dividend ETF during the 2nd quarter worth $178,925,000. Hedge funds and other institutional investors 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.