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

iShares Select Dividend ETF (NASDAQ:DVY) hit a new 52-week high on Wednesday . The stock traded as high as $144.09 and last traded at $143.92, with a volume of 39485 shares changing hands. The stock had previously closed at $143.30.

iShares Select Dividend ETF Price Performance

The firm has a market capitalization of $21.41 billion, a P/E ratio of 13.25 and a beta of 0.87. The firm has a fifty day simple moving average of $136.08 and a two-hundred day simple moving average of $129.57.

iShares Select Dividend ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were given a dividend of $1.5496 per share. The ex-dividend date was Wednesday, September 25th.

Institutional Investors Weigh In On iShares Select Dividend ETF

Several institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC lifted its position in shares of iShares Select Dividend ETF by 17,525.9% during the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock worth $590,660,000 after acquiring an additional 4,348,183 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares Select Dividend ETF by 4.6% during the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after acquiring an additional 64,620 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of iShares Select Dividend ETF by 2.1% during the second quarter. Commonwealth Equity Services LLC now owns 649,767 shares of the company’s stock worth $78,609,000 after acquiring an additional 13,366 shares in the last quarter. Raymond James & Associates lifted its position in shares of iShares Select Dividend ETF by 2.9% during the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock worth $78,940,000 after acquiring an additional 16,512 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of iShares Select Dividend ETF by 0.5% during the third quarter. Rockefeller Capital Management L.P. now owns 403,745 shares of the company’s stock worth $54,510,000 after acquiring an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors 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.