iShares Select Dividend ETF (NASDAQ:DVY) Reaches New 1-Year High – Should You Buy?

iShares Select Dividend ETF (NASDAQ:DVY)’s share price hit a new 52-week high on Wednesday . The company traded as high as $138.01 and last traded at $137.90, with a volume of 3038 shares traded. The stock had previously closed at $134.92.

iShares Select Dividend ETF Stock Performance

The stock’s fifty day moving average price is $134.16 and its two-hundred day moving average price is $127.65. The company has a market cap of $20.62 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

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

Hedge Funds Weigh In On iShares Select Dividend ETF

A number of institutional investors have recently added to or reduced their stakes in DVY. International Assets Investment Management LLC increased its position in iShares Select Dividend ETF by 17,525.9% in the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after acquiring an additional 4,348,183 shares during the period. LPL Financial LLC increased its position in iShares Select Dividend ETF by 2.5% in the 2nd quarter. LPL Financial LLC now owns 1,401,205 shares of the company’s stock valued at $169,518,000 after acquiring an additional 34,221 shares during the period. Commonwealth Equity Services LLC increased its position in iShares Select Dividend ETF by 2.1% in the 2nd quarter. Commonwealth Equity Services LLC now owns 649,767 shares of the company’s stock valued at $78,609,000 after acquiring an additional 13,366 shares during the period. Jane Street Group LLC boosted its stake in shares of iShares Select Dividend ETF by 1,872.8% in the 1st quarter. Jane Street Group LLC now owns 617,469 shares of the company’s stock valued at $76,060,000 after purchasing an additional 586,170 shares during the last quarter. Finally, Raymond James & Associates boosted its stake in shares of iShares Select Dividend ETF by 2.9% in the 3rd quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after purchasing an additional 16,512 shares during the last quarter. 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.