iShares International Select Dividend ETF (BATS:IDV) Reaches New 12-Month High – What’s Next?

iShares International Select Dividend ETF (BATS:IDV)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $45.46 and last traded at $45.46, with a volume of 37348 shares trading hands. The stock had previously closed at $44.95.

iShares International Select Dividend ETF Stock Up 0.4%

The stock has a market capitalization of $6.97 billion, a price-to-earnings ratio of 10.09 and a beta of 0.76. The stock’s 50-day simple moving average is $43.49 and its 200 day simple moving average is $41.57.

Hedge Funds Weigh In On iShares International Select Dividend ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC raised its stake in shares of iShares International Select Dividend ETF by 1.7% in the third quarter. Prime Capital Investment Advisors LLC now owns 25,715 shares of the company’s stock worth $940,000 after acquiring an additional 426 shares during the last quarter. Cahill Financial Advisors Inc. raised its stake in shares of iShares International Select Dividend ETF by 2.9% in the third quarter. Cahill Financial Advisors Inc. now owns 17,648 shares of the company’s stock worth $645,000 after acquiring an additional 501 shares during the last quarter. Meritage Portfolio Management raised its stake in shares of iShares International Select Dividend ETF by 4.6% in the fourth quarter. Meritage Portfolio Management now owns 12,923 shares of the company’s stock worth $510,000 after acquiring an additional 573 shares during the last quarter. Colonial Trust Advisors raised its stake in shares of iShares International Select Dividend ETF by 43.9% in the fourth quarter. Colonial Trust Advisors now owns 1,900 shares of the company’s stock worth $75,000 after acquiring an additional 580 shares during the last quarter. Finally, Vicus Capital raised its stake in shares of iShares International Select Dividend ETF by 2.1% in the first quarter. Vicus Capital now owns 31,590 shares of the company’s stock worth $1,344,000 after acquiring an additional 664 shares during the last quarter.

About iShares International Select Dividend ETF

iShares International Select Dividend ETF, formerly iShares Dow Jones International Select Dividend Index Fund, seeks investment results that correspond to the price and yield performance of the Dow Jones EPAC 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 World Developed-Ex.