iShares Select Dividend ETF (NASDAQ:DVY) Reaches New 12-Month High – What’s Next?

Shares of iShares Select Dividend ETF (NASDAQ:DVY) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $138.01 and last traded at $137.90, with a volume of 3038 shares traded. The stock had previously closed at $134.92.

iShares Select Dividend ETF Trading Down 0.7 %

The stock has a 50-day simple moving average of $134.28 and a 200-day simple moving average of $127.72. The company has a market cap of $20.49 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were paid a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

Institutional Trading of iShares Select Dividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DVY. International Assets Investment Management LLC raised its stake in shares of iShares Select Dividend ETF by 17,525.9% in the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock worth $590,660,000 after buying an additional 4,348,183 shares in the last quarter. Jane Street Group LLC raised its stake in shares of iShares Select Dividend ETF by 1,872.8% in the 1st quarter. Jane Street Group LLC now owns 617,469 shares of the company’s stock worth $76,060,000 after buying an additional 586,170 shares in the last quarter. Miller Howard Investments Inc. NY raised its stake in shares of iShares Select Dividend ETF by 400.3% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 315,140 shares of the company’s stock worth $38,126,000 after buying an additional 252,150 shares in the last quarter. National Bank of Canada FI raised its stake in shares of iShares Select Dividend ETF by 72.7% in the 2nd quarter. National Bank of Canada FI now owns 213,193 shares of the company’s stock worth $25,556,000 after buying an additional 89,727 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC raised its position in shares of iShares Select Dividend ETF by 66.2% during the second quarter. Fifth Third Wealth Advisors LLC now owns 121,485 shares of the company’s stock worth $14,697,000 after purchasing an additional 48,377 shares during the period. Institutional investors own 46.08% of the company’s stock.

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.