iShares Select Dividend ETF (NASDAQ:DVY) Hits New 12-Month High – Here’s What Happened

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

iShares Select Dividend ETF Price Performance

The company has a 50-day simple moving average of $154.68 and a 200-day simple moving average of $151.66. The firm has a market cap of $23.57 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.1%.

Institutional Trading of iShares Select Dividend ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DVY. Caitlin John LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at $25,000. Elevated Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF in the fourth quarter worth about $26,000. Ransom Advisory Ltd purchased a new position in iShares Select Dividend ETF in the 4th quarter worth about $27,000. Miller Capital Partners Inc. purchased a new position in iShares Select Dividend ETF in the 4th quarter worth about $30,000. Finally, Main Street Group LTD bought a new stake in iShares Select Dividend ETF during the 1st quarter valued at about $33,000. 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.