iShares Select Dividend ETF (NASDAQ:DVY) Sees Large Volume Increase

iShares Select Dividend ETF (NASDAQ:DVY) shares saw unusually-strong trading volume on Tuesday . Approximately 175,342 shares were traded during trading, a decline of 66% from the previous session’s volume of 513,684 shares.The stock last traded at $120.43 and had previously closed at $120.31.

iShares Select Dividend ETF Stock Performance

The business’s 50-day simple moving average is $121.98 and its 200 day simple moving average is $119.11. The company has a market capitalization of $18.28 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a dividend of $0.9304 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 annualized dividend and a yield of 3.09%.

Hedge Funds Weigh In On iShares Select Dividend ETF

Hedge funds have recently modified their holdings of the company. Johnson Financial Group Inc. lifted its stake in iShares Select Dividend ETF by 20.0% during the fourth quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock valued at $897,000 after purchasing an additional 1,278 shares during the last quarter. TIAA Trust National Association lifted its position in shares of iShares Select Dividend ETF by 4.7% during the 4th quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock valued at $1,140,000 after acquiring an additional 437 shares during the last quarter. Park Place Capital Corp lifted its position in shares of iShares Select Dividend ETF by 1.6% during the 4th quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock valued at $984,000 after acquiring an additional 129 shares during the last quarter. Capital Asset Advisory Services LLC boosted its stake in shares of iShares Select Dividend ETF by 1.5% during the 1st quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock worth $894,000 after acquiring an additional 107 shares in the last quarter. Finally, Ledge Wealth Management Inc. acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter worth $202,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

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.