iShares Select Dividend ETF Sees Unusually Large Options Volume (NASDAQ:DVY)

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iShares Select Dividend ETF (NASDAQ:DVYGet Rating) saw unusually large options trading on Tuesday. Stock traders bought 3,407 call options on the company. This is an increase of approximately 370% compared to the typical daily volume of 725 call options.

Institutional Trading of iShares Select Dividend ETF

Hedge funds have recently made changes to their positions in the stock. Journey Strategic Wealth LLC grew its holdings in shares of iShares Select Dividend ETF by 39,967.0% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,658,775 shares of the company’s stock worth $344,027,000 after acquiring an additional 1,654,635 shares during the last quarter. Bank of America Corp DE increased its stake in iShares Select Dividend ETF by 19.5% during the first quarter. Bank of America Corp DE now owns 9,030,728 shares of the company’s stock valued at $1,157,107,000 after acquiring an additional 1,470,829 shares during the period. Sowell Financial Services LLC boosted its holdings in iShares Select Dividend ETF by 7,874.8% during the first quarter. Sowell Financial Services LLC now owns 1,287,928 shares of the company’s stock valued at $113,110,000 after purchasing an additional 1,271,778 shares in the last quarter. CBIZ Investment Advisory Services LLC acquired a new stake in iShares Select Dividend ETF during the first quarter valued at approximately $115,536,000. Finally, Truist Financial Corp boosted its holdings in iShares Select Dividend ETF by 49.0% during the first quarter. Truist Financial Corp now owns 2,305,119 shares of the company’s stock valued at $295,354,000 after purchasing an additional 757,966 shares in the last quarter.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $118.11 on Wednesday. iShares Select Dividend ETF has a 12-month low of $112.29 and a 12-month high of $133.33. The stock’s 50 day simple moving average is $121.47 and its 200 day simple moving average is $123.65.

About iShares Select Dividend ETF

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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.

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