iShares International Select Dividend ETF (BATS:IDV) Trading 46.4% Higher – Still a Buy?

iShares International Select Dividend ETF (BATS:IDV)’s share price shot up 46.4% during trading on Monday . The stock traded as high as $27.6783 and last traded at $39.9350. 516,969 shares were traded during trading, a decline of 17% from the average session volume of 626,057 shares. The stock had previously closed at $27.28.

iShares International Select Dividend ETF Trading Up 46.4%

The stock has a market cap of $6.17 billion, a PE ratio of 10.09 and a beta of 0.76. The firm has a fifty day simple moving average of $38.75 and a two-hundred day simple moving average of $37.08.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IDV. GAMMA Investing LLC lifted its stake in iShares International Select Dividend ETF by 44.1% during the second quarter. GAMMA Investing LLC now owns 980 shares of the company’s stock worth $34,000 after purchasing an additional 300 shares during the last quarter. Hurley Capital LLC purchased a new position in shares of iShares International Select Dividend ETF during the 2nd quarter valued at about $52,000. Centennial Bank AR bought a new stake in iShares International Select Dividend ETF in the 3rd quarter worth approximately $117,000. Triumph Capital Management bought a new stake in iShares International Select Dividend ETF in the 3rd quarter worth approximately $147,000. Finally, Root Financial Partners LLC purchased a new stake in iShares International Select Dividend ETF in the third quarter worth approximately $155,000.

About iShares International Select Dividend ETF

iShares International Select Dividend ETF, formerly iShares Dow Jones International Select Dividend Index Fund, seeks investment results that correspond to the price and yield performance of the Dow Jones EPAC 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 World Developed-Ex.