iShares Select Dividend ETF (NASDAQ:DVY) Reaches New 52-Week High – Time to Buy?

iShares Select Dividend ETF (NASDAQ:DVY) shares reached a new 52-week high on Wednesday . The stock traded as high as $166.90 and last traded at $166.74, with a volume of 47333 shares. The stock had previously closed at $164.95.

iShares Select Dividend ETF Stock Up 1.0%

The stock has a market capitalization of $24.26 billion, a P/E ratio of 13.69 and a beta of 0.66. The business’s 50 day simple moving average is $159.86 and its two-hundred day simple moving average is $155.51.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $1.2472 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.0%.

Hedge Funds Weigh In On iShares Select Dividend ETF

Several large investors have recently added to or reduced their stakes in the business. Caitlin John LLC bought a new stake in iShares Select Dividend ETF during the 4th quarter worth approximately $25,000. Elevated Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $26,000. Miller Capital Partners Inc. bought a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $30,000. Main Street Group LTD purchased a new position in shares of iShares Select Dividend ETF during the first quarter valued at approximately $33,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of iShares Select Dividend ETF during the second quarter valued at approximately $34,000. 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.