iShares Select Dividend ETF (NASDAQ:DVY) Hits New 12-Month High – Should You Buy?

iShares Select Dividend ETF (NASDAQ:DVY) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $155.79 and last traded at $155.2890, with a volume of 108687 shares changing hands. The stock had previously closed at $155.06.

iShares Select Dividend ETF Stock Up 0.5%

The stock has a market capitalization of $22.72 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The company has a 50 day moving average of $145.59 and a 200 day moving average of $142.02.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $1.6162 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Tuesday, December 16th. This represents a $6.46 annualized dividend and a dividend yield of 4.1%.

Hedge Funds Weigh In On iShares Select Dividend ETF

Hedge funds have recently made changes to their positions in the business. Elevated Capital Advisors LLC acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $26,000. Parvin Asset Management LLC acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at $27,000. Ransom Advisory Ltd acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at $27,000. Financial Gravity Companies Inc. bought a new position in iShares Select Dividend ETF during the second quarter valued at about $29,000. Finally, Total Investment Management Inc. acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $29,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

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.