iShares Select Dividend ETF (NASDAQ:DVY) Sees Unusually-High Trading Volume

iShares Select Dividend ETF (NASDAQ:DVY) shares saw unusually-high trading volume on Tuesday . Approximately 175,342 shares changed hands during mid-day trading, a decline of 66% from the previous session’s volume of 513,684 shares.The stock last traded at $120.43 and had previously closed at $120.31.

iShares Select Dividend ETF Price Performance

The business has a 50-day simple moving average of $121.98 and a 200-day simple moving average of $119.11. The company has a market cap of $18.28 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a dividend of $0.9304 per share. This represents a $3.72 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Tuesday, June 11th.

Hedge Funds Weigh In On iShares Select Dividend ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Transcend Capital Advisors LLC lifted its holdings in iShares Select Dividend ETF by 31.0% during the second quarter. Transcend Capital Advisors LLC now owns 20,543 shares of the company’s stock valued at $2,485,000 after purchasing an additional 4,860 shares in the last quarter. Mosaic Family Wealth Partners LLC lifted its holdings in iShares Select Dividend ETF by 2.3% during the first quarter. Mosaic Family Wealth Partners LLC now owns 17,220 shares of the company’s stock valued at $2,121,000 after purchasing an additional 382 shares in the last quarter. Pathway Financial Advisers LLC purchased a new position in iShares Select Dividend ETF during the first quarter valued at $746,000. Cetera Advisors LLC lifted its holdings in iShares Select Dividend ETF by 23.0% during the first quarter. Cetera Advisors LLC now owns 79,529 shares of the company’s stock valued at $9,796,000 after purchasing an additional 14,851 shares in the last quarter. Finally, LRI Investments LLC purchased a new position in iShares Select Dividend ETF during the first quarter valued at $155,000. 46.08% of the stock is owned by hedge funds and other 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.