iShares Select Dividend ETF (NASDAQ:DVY) Hits New 1-Year High – What’s Next?

iShares Select Dividend ETF (NASDAQ:DVY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $161.27 and last traded at $160.92, with a volume of 73534 shares trading hands. The stock had previously closed at $159.46.

iShares Select Dividend ETF Trading Up 0.5%

The firm has a 50-day moving average of $155.28 and a 200 day moving average of $152.25. The company has a market cap of $23.53 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $1.2472 dividend. This represents a $4.99 annualized dividend and a yield of 3.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, June 15th.

Institutional Trading of iShares Select Dividend ETF

Several large investors have recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares during the period. AQR Capital Management LLC increased its stake in iShares Select Dividend ETF by 44.7% in the first 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 in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF during the second quarter valued at about $34,000. NewEdge Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 0.4% during the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after purchasing an additional 326 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of iShares Select Dividend ETF by 52.8% during the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after purchasing an additional 8,479 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

About iShares Select Dividend ETF

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.