iShares Select Dividend ETF (NASDAQ:DVY) Sets New 52-Week High – Here’s What Happened

iShares Select Dividend ETF (NASDAQ:DVY)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $152.50 and last traded at $152.3280, with a volume of 23725 shares changing hands. The stock had previously closed at $151.17.

iShares Select Dividend ETF Price Performance

The business’s 50-day moving average price is $144.90 and its two-hundred day moving average price is $141.62. The firm has a market cap of $22.38 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 annualized dividend and a dividend yield of 4.2%.

Institutional Investors Weigh In On iShares Select Dividend ETF

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after acquiring an additional 6,044,290 shares in the last quarter. Laurel Wealth Advisors LLC boosted its holdings in iShares Select Dividend ETF by 13,158.9% during the second quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock worth $252,022,000 after purchasing an additional 1,883,298 shares during the last quarter. Miller Howard Investments Inc. NY grew its holdings in shares of iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after acquiring an additional 445,910 shares in the last quarter. Bank of America Corp DE grew its stake in iShares Select Dividend ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after purchasing an additional 256,434 shares during the period. Finally, Orion Porfolio Solutions LLC grew its holdings in iShares Select Dividend ETF by 526.0% during the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock valued at $24,091,000 after purchasing an additional 152,417 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

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.