iShares Select Dividend ETF (NASDAQ:DVY) Stock Cross Below 50 Day Moving Average – Here’s Why

Shares of iShares Select Dividend ETF (NASDAQ:DVY) passed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $161.24 and traded as low as $152.69. iShares Select Dividend ETF shares last traded at $153.05, with a volume of 307,282 shares changing hands.

iShares Select Dividend ETF Price Performance

The firm has a 50-day simple moving average of $161.24 and a 200-day simple moving average of $156.86. The firm has a market capitalization of $22.31 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $1.3291 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.5%.

Institutional Trading of iShares Select Dividend ETF

Several large investors have recently added to or reduced their stakes in the business. BIP Wealth LLC raised its holdings in shares of iShares Select Dividend ETF by 105.7% during the 2nd quarter. BIP Wealth LLC now owns 8,735 shares of the company’s stock worth $1,365,000 after acquiring an additional 4,488 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of iShares Select Dividend ETF by 0.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 693,902 shares of the company’s stock valued at $97,937,000 after purchasing an additional 3,552 shares in the last quarter. MV Capital Management Inc. bought a new stake in iShares Select Dividend ETF in the fourth quarter worth $4,701,000. Perryman Financial Advisory Inc. AD bought a new stake in iShares Select Dividend ETF in the fourth quarter worth $1,869,000. Finally, Rockefeller Capital Management L.P. raised its stake in iShares Select Dividend ETF by 6.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 507,547 shares of the company’s stock valued at $71,635,000 after purchasing an additional 29,933 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

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.