Investors Buy High Volume of iShares Select Dividend ETF Call Options (NASDAQ:DVY)

iShares Select Dividend ETF (NASDAQ:DVY) was the target of unusually large options trading activity on Monday. Stock traders acquired 14,890 call options on the company. This is an increase of approximately 2,588% compared to the typical daily volume of 554 call options.

Institutional Investors Weigh In On iShares Select Dividend ETF

Hedge funds have recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in iShares Select Dividend ETF by 14.3% in the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after buying an additional 1,524 shares in the last quarter. AQR Capital Management LLC boosted its position in iShares Select Dividend ETF by 44.7% during the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after acquiring an additional 3,918 shares during the period. Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF during the 2nd quarter worth $34,000. NewEdge Advisors LLC grew its stake in shares of iShares Select Dividend ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after purchasing an additional 326 shares in the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of iShares Select Dividend ETF by 52.8% in the second quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after purchasing an additional 8,479 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.2%

Shares of NASDAQ:DVY opened at $163.27 on Tuesday. The company’s 50-day moving average price is $157.15 and its 200 day moving average price is $153.71. The company has a market cap of $23.77 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a fifty-two week low of $132.83 and a fifty-two week high of $164.73.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.1%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.