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

iShares Select Dividend ETF (NASDAQ:DVY)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $165.86 and last traded at $165.86, with a volume of 26712 shares. The stock had previously closed at $163.27.

iShares Select Dividend ETF Stock Performance

The firm has a market cap of $24.27 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The stock’s fifty day moving average is $157.15 and its two-hundred day moving average is $153.71.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.0%.

Hedge Funds Weigh In On iShares Select Dividend ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its position in iShares Select Dividend ETF by 1,771.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after acquiring an additional 6,044,290 shares during the period. Miller Howard Investments Inc. NY raised its stake in shares of iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after purchasing an additional 445,910 shares in the last quarter. Fifth Third Bancorp lifted its holdings in iShares Select Dividend ETF by 178.6% in the first quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock worth $97,763,000 after purchasing an additional 413,908 shares during the period. Align Financial LLC bought a new position in iShares Select Dividend ETF in the 4th quarter valued at about $39,639,000. Finally, Morgan Stanley grew its position in iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after buying an additional 224,125 shares in the last quarter. 46.08% of the stock is currently 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.