iShares Select Dividend ETF (NASDAQ:DVY) Hits New 12-Month High – Time to Buy?

iShares Select Dividend ETF (NASDAQ:DVY)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $136.76 and last traded at $136.41, with a volume of 87216 shares changing hands. The stock had previously closed at $135.15.

iShares Select Dividend ETF Price Performance

The stock’s fifty day simple moving average is $132.15 and its 200 day simple moving average is $125.92. The firm has a market capitalization of $20.29 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DVY. Richardson Financial Services Inc. purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $49,000. Fisher Asset Management LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth approximately $483,000. CWM LLC raised its holdings in iShares Select Dividend ETF by 2.2% in the 1st quarter. CWM LLC now owns 33,702 shares of the company’s stock valued at $4,151,000 after acquiring an additional 725 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of iShares Select Dividend ETF by 2.2% during the 1st quarter. NBC Securities Inc. now owns 14,097 shares of the company’s stock worth $1,736,000 after acquiring an additional 299 shares during the period. Finally, Summit Financial Group Inc. grew its position in iShares Select Dividend ETF by 0.6% in the first quarter. Summit Financial Group Inc. now owns 41,101 shares of the company’s stock worth $5,063,000 after acquiring an additional 265 shares during the period. 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.