iShares Select Dividend ETF (NASDAQ:DVY) Hits New 1-Year High – Still a Buy?

iShares Select Dividend ETF (NASDAQ:DVY) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $152.50 and last traded at $152.3280, with a volume of 23725 shares changing hands. The stock had previously closed at $151.17.

iShares Select Dividend ETF Stock Performance

The business has a 50 day simple moving average of $144.46 and a 200-day simple moving average of $141.41. The stock has a market capitalization of $22.33 billion, a P/E ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 annualized dividend and a dividend yield of 4.2%.

Institutional Trading of iShares Select Dividend ETF

A number of large investors have recently added to or reduced their stakes in the business. Brighton Jones LLC lifted its position in shares of iShares Select Dividend ETF by 14.3% during the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after acquiring an additional 1,524 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of iShares Select Dividend ETF by 44.7% in the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after purchasing an additional 3,918 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in iShares Select Dividend ETF by 0.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,800 shares of the company’s stock worth $2,231,000 after purchasing an additional 100 shares in the last quarter. Ascent Group LLC purchased a new position in iShares Select Dividend ETF in the 2nd quarter worth about $436,000. Finally, QRG Capital Management Inc. raised its holdings in iShares Select Dividend ETF by 1.3% during the 2nd quarter. QRG Capital Management Inc. now owns 7,747 shares of the company’s stock worth $1,029,000 after buying an additional 97 shares during the period. 46.08% of the stock is currently owned by 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.