iShares Select Dividend ETF (NASDAQ:DVY) Hits New 52-Week High – Here’s Why

iShares Select Dividend ETF (NASDAQ:DVY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $144.09 and last traded at $143.92, with a volume of 39485 shares traded. The stock had previously closed at $143.30.

iShares Select Dividend ETF Price Performance

The company has a market capitalization of $21.33 billion, a PE ratio of 13.25 and a beta of 0.87. The stock’s 50 day simple moving average is $136.40 and its 200-day simple moving average is $129.76.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were paid 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Addison Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 107.1% in the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $30,000. ORG Partners LLC purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $32,000. Family Firm Inc. acquired a new position in shares of iShares Select Dividend ETF during the second quarter worth about $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in shares of iShares Select Dividend ETF during the third quarter worth approximately $36,000. Hedge funds and other 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.