iShares Select Dividend ETF (NASDAQ:DVY) Reaches New 52-Week High at $133.59

iShares Select Dividend ETF (NASDAQ:DVY) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $133.59 and last traded at $133.26, with a volume of 26513 shares changing hands. The stock had previously closed at $132.95.

iShares Select Dividend ETF Trading Up 0.5 %

The company has a 50 day moving average of $125.95 and a 200-day moving average of $122.23. The firm has a market capitalization of $19.87 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were issued a $0.9304 dividend. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 annualized dividend and a yield of 2.78%.

Hedge Funds Weigh In On iShares Select Dividend ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC acquired a new position in iShares Select Dividend ETF in the 4th quarter valued at $27,000. Addison Advisors LLC raised its holdings in iShares Select Dividend ETF by 107.1% in the 2nd quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in iShares Select Dividend ETF in the 2nd quarter valued at $30,000. ORG Partners LLC acquired a new position in iShares Select Dividend ETF in the 2nd quarter valued at $32,000. Finally, Family Firm Inc. acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth $36,000. 46.08% of the stock is owned by institutional investors and hedge funds.

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.