iShares Select Dividend ETF Target of Unusually Large Options Trading (NASDAQ:DVY)

iShares Select Dividend ETF (NASDAQ:DVY) was the recipient of some unusual options trading activity on Monday. Investors 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.

iShares Select Dividend ETF Price Performance

DVY stock traded up $0.28 during trading on Monday, reaching $163.27. The company had a trading volume of 333,345 shares, compared to its average volume of 485,335. iShares Select Dividend ETF has a 52 week low of $132.83 and a 52 week high of $164.73. The company has a market cap of $23.77 billion, a P/E ratio of 13.69 and a beta of 0.66. The business has a 50 day moving average of $156.93 and a 200 day moving average of $153.58.

iShares Select Dividend ETF Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Sage Capital Advisors llc boosted its position in shares of iShares Select Dividend ETF by 2.2% during the second quarter. Sage Capital Advisors llc now owns 2,993 shares of the company’s stock valued at $468,000 after purchasing an additional 64 shares in the last quarter. Archer Investment Corp raised its holdings in iShares Select Dividend ETF by 0.9% in the fourth quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock worth $1,106,000 after purchasing an additional 69 shares in the last quarter. Kingsview Wealth Management LLC raised its holdings in iShares Select Dividend ETF by 1.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock worth $630,000 after purchasing an additional 69 shares in the last quarter. Harbor Asset Planning Inc. raised its holdings in iShares Select Dividend ETF by 3.4% in the first quarter. Harbor Asset Planning Inc. now owns 2,202 shares of the company’s stock worth $333,000 after purchasing an additional 72 shares in the last quarter. Finally, Journey Advisory Group LLC lifted its position in iShares Select Dividend ETF by 0.8% during the fourth quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock valued at $1,368,000 after buying an additional 75 shares during the period. Institutional investors 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.