iShares Select Dividend ETF (NASDAQ:DVY) Hits New 1-Year High – Still a Buy?

iShares Select Dividend ETF (NASDAQ:DVY) hit a new 52-week high during mid-day trading on Tuesday . The company 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 Stock Up 1.1%

The firm has a 50-day moving average price of $144.46 and a 200 day moving average price of $141.41. The firm has a market capitalization of $22.33 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

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

Institutional Trading of iShares Select Dividend ETF

Hedge funds have recently made changes to their positions in the business. Elevated Capital Advisors LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter worth approximately $26,000. Parvin Asset Management LLC acquired a new position in shares of iShares Select Dividend ETF in the second quarter worth $27,000. Ransom Advisory Ltd purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $27,000. Financial Gravity Companies Inc. acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at $29,000. Finally, Total Investment Management Inc. purchased a new position in iShares Select Dividend ETF in the second quarter valued at $29,000. Institutional investors and hedge funds 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.