iShares Select Dividend ETF (NASDAQ:DVY) Sets New 12-Month High at $123.64

iShares Select Dividend ETF (NASDAQ:DVY) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $123.64 and last traded at $123.63, with a volume of 58017 shares traded. The stock had previously closed at $122.90.

iShares Select Dividend ETF Trading Up 0.7 %

The company has a market capitalization of $18.80 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The stock’s 50 day moving average price is $119.82 and its 200 day moving average price is $115.63.

iShares Select Dividend ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were given a dividend of $0.9976 per share. The ex-dividend date was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a yield of 3.23%.

Hedge Funds Weigh In On iShares Select Dividend ETF

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC increased its position in shares of iShares Select Dividend ETF by 12,638.3% during the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock worth $282,196,000 after buying an additional 2,388,510 shares during the period. Comerica Bank purchased a new position in shares of iShares Select Dividend ETF in the third quarter valued at $61,160,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of iShares Select Dividend ETF by 47.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 759,253 shares of the company’s stock worth $93,525,000 after purchasing an additional 243,579 shares during the period. Miller Howard Investments Inc. NY grew its stake in iShares Select Dividend ETF by 110.0% in the 4th quarter. Miller Howard Investments Inc. NY now owns 403,081 shares of the company’s stock worth $47,249,000 after buying an additional 211,112 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of iShares Select Dividend ETF by 244.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 171,206 shares of the company’s stock valued at $18,429,000 after buying an additional 121,551 shares in the last quarter. 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.