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

Shares of iShares Select Dividend ETF (NASDAQ:DVY) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $144.09 and last traded at $143.92, with a volume of 39485 shares changing hands. The stock had previously closed at $143.30.

iShares Select Dividend ETF Price Performance

The company has a market capitalization of $21.41 billion, a P/E ratio of 13.25 and a beta of 0.87. The firm has a fifty day moving average price of $136.08 and a 200-day moving average price of $129.57.

iShares Select Dividend ETF Dividend Announcement

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

Hedge Funds Weigh In On iShares Select Dividend ETF

Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC grew its holdings in iShares Select Dividend ETF by 17,525.9% during the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after purchasing an additional 4,348,183 shares during the period. LPL Financial LLC grew its holdings in iShares Select Dividend ETF by 4.6% during the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after purchasing an additional 64,620 shares during the period. Commonwealth Equity Services LLC grew its holdings in iShares Select Dividend ETF by 2.1% during the second quarter. Commonwealth Equity Services LLC now owns 649,767 shares of the company’s stock valued at $78,609,000 after purchasing an additional 13,366 shares during the period. Raymond James & Associates grew its holdings in iShares Select Dividend ETF by 2.9% during the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after purchasing an additional 16,512 shares during the period. Finally, Rockefeller Capital Management L.P. grew its holdings in iShares Select Dividend ETF by 0.5% during the third quarter. Rockefeller Capital Management L.P. now owns 403,745 shares of the company’s stock valued at $54,510,000 after purchasing an additional 2,072 shares during the period. 46.08% of the stock is owned by institutional investors.

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.