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

iShares Select Dividend ETF (NASDAQ:DVY)’s share price 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 Stock Down 0.7 %

The business has a 50-day moving average price of $134.28 and a 200-day moving average price of $127.72. The company has a market capitalization of $20.49 billion, a price-to-earnings 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. Investors 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 large investors have recently bought and sold shares of DVY. Addison Advisors LLC grew its stake in iShares Select Dividend ETF by 107.1% in the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in iShares Select Dividend ETF in the second quarter valued at about $30,000. ORG Partners LLC purchased a new position in iShares Select Dividend ETF in the second quarter valued at about $32,000. Family Firm Inc. purchased a new position in iShares Select Dividend ETF in the second quarter valued at about $36,000. Finally, ORG Wealth Partners LLC purchased a new position in iShares Select Dividend ETF in the third quarter valued at about $36,000. 46.08% of the stock is 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.