iShares Select Dividend ETF (NASDAQ:DVY) Sees Strong Trading Volume

iShares Select Dividend ETF (NASDAQ:DVY) shares saw unusually-strong trading volume on Tuesday . Approximately 175,342 shares traded hands during trading, a decline of 66% from the previous session’s volume of 513,684 shares.The stock last traded at $120.43 and had previously closed at $120.31.

iShares Select Dividend ETF Trading Down 0.2 %

The firm has a market cap of $18.32 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm has a 50-day moving average of $122.00 and a two-hundred day moving average of $119.15.

iShares Select Dividend ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.9304 per share. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 annualized dividend and a dividend yield of 3.09%.

Hedge Funds Weigh In On iShares Select Dividend ETF

Large investors have recently made changes to their positions in the business. Transcend Capital Advisors LLC raised its holdings in iShares Select Dividend ETF by 31.0% in the 2nd quarter. Transcend Capital Advisors LLC now owns 20,543 shares of the company’s stock valued at $2,485,000 after acquiring an additional 4,860 shares in the last quarter. Mosaic Family Wealth Partners LLC raised its holdings in iShares Select Dividend ETF by 2.3% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 17,220 shares of the company’s stock valued at $2,121,000 after acquiring an additional 382 shares in the last quarter. Pathway Financial Advisers LLC acquired a new position in iShares Select Dividend ETF in the 1st quarter valued at approximately $746,000. Cetera Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 23.0% in the 1st quarter. Cetera Advisors LLC now owns 79,529 shares of the company’s stock worth $9,796,000 after buying an additional 14,851 shares in the last quarter. Finally, LRI Investments LLC acquired a new position in shares of iShares Select Dividend ETF in the 1st quarter worth approximately $155,000. Institutional investors and hedge funds 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.