iShares Select Dividend ETF (NASDAQ:DVY) Reaches New 52-Week High – What’s Next?

iShares Select Dividend ETF (NASDAQ:DVY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $145.14 and last traded at $145.0840, with a volume of 1864590 shares traded. The stock had previously closed at $143.60.

iShares Select Dividend ETF Price Performance

The firm has a market capitalization of $21.52 billion, a PE ratio of 13.69 and a beta of 0.77. The business has a 50-day simple moving average of $141.35 and a 200-day simple moving average of $139.56.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a dividend of $1.6162 per share. This represents a $6.46 annualized dividend and a yield of 4.5%. The ex-dividend date was Tuesday, December 16th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after acquiring an additional 256,434 shares during the period. Laurel Wealth Advisors LLC grew its holdings in iShares Select Dividend ETF by 13,158.9% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock valued at $252,022,000 after purchasing an additional 1,883,298 shares during the last quarter. Envestnet Asset Management Inc. raised its position in iShares Select Dividend ETF by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock worth $214,086,000 after purchasing an additional 57,961 shares during the period. JPMorgan Chase & Co. raised its position in iShares Select Dividend ETF by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,549,408 shares of the company’s stock worth $220,171,000 after purchasing an additional 24,718 shares during the period. Finally, Kingstone Capital Partners Texas LLC bought a new stake in iShares Select Dividend ETF in the second quarter worth about $178,925,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.