iShares Select Dividend ETF (NASDAQ:DVY) Sees Large Volume Increase

iShares Select Dividend ETF (NASDAQ:DVY) shares saw strong trading volume on Monday . 1,437,409 shares were traded during trading, an increase of 150% from the previous session’s volume of 576,096 shares.The stock last traded at $116.39 and had previously closed at $117.54.

iShares Select Dividend ETF Stock Performance

The firm has a market cap of $17.88 billion, a P/E ratio of 11.69 and a beta of 0.87. The firm has a fifty day moving average of $118.38 and a 200-day moving average of $114.19.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders 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 annualized dividend and a dividend yield of 3.42%.

Hedge Funds Weigh In On iShares Select Dividend ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in iShares Select Dividend ETF during the 4th quarter valued at about $27,000. Tyler Stone Wealth Management acquired a new position in shares of iShares Select Dividend ETF during the second quarter valued at approximately $28,000. Almanack Investment Partners LLC. bought a new stake in iShares Select Dividend ETF during the third quarter worth approximately $35,000. Financial Freedom LLC acquired a new stake in iShares Select Dividend ETF in the fourth quarter worth approximately $45,000. Finally, Parkside Financial Bank & Trust boosted its stake in iShares Select Dividend ETF by 91.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after purchasing an additional 186 shares in the last quarter. 46.08% of the stock is 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.