Today were published iShares Select Dividend ETF (NYSEARCA:DVY)‘s daily net flows. The ETF registered $97.06M asset inflows for 0.61% increase, reaching $16094.64M after yestarday’s trading session. The chart of iShares Select Dividend ETF shows positive short-term setup. In the net flows calculation is not included the performance of the etf but only share redemptions (outflows) and share purchases (inflows). Net inflows create excess cash for managers to invest, which theoretically creates demand for the etf’s holdings. The ETF increased 0.59% or $0.5 on October 10, hitting $84.57. It is down 6.67% since March 8, 2016 and is uptrending. It has underperformed by 2.64% the S&P500.
The ETF’s YTD performance is 16.78%, the 1 year is 21.74% and the 3 year is 12.5%.
The ETF’s average P/E ratio is 19.81, the price to book is 2.26, the price to sales is 1.48 and the price to cashflow is 8.53. iShares Select Dividend ETF is in the ETF category: , is part of the fund family and currently has $ net assets. It was started on 1/1/0001. The fund’s top holdings are: Lockheed Martin Corporation Com for 3.92% of assets, CME Group Inc. for 3.16%, ONEOK Inc. Common Stock for 2.56%, Chevron Corporation Common Stoc for 2.54%, Philip Morris International Inc for 2.21%, Caterpillar Inc. Common Stock for 2.04%, NextEra Energy Inc. Common Sto for 1.96%, Kimberly-Clark Corporation Comm for 1.89%, Entergy Corporation Common Stoc for 1.86%, McDonald’s Corporation Common S for 1.84%. The ETF sector weights are: Basic Materials 2.11%, Consumer Cyclical 14.88%, Financial Services 13.86%, Consumer Defensive 9.25%, Healthcare 3.12%, Utilities 29.30%, Communication Services 2.12%, Energy 9.52%, Industrials 12.29%, Technology 3.56%. The ETF currently as 0% yield.
More notable recent iShares Select Dividend ETF (NYSEARCA:DVY) news were published by: Seekingalpha.com which released: “The iShares Select Dividend ETF: Not Your Traditional Dividend ETF” on December 09, 2015, also Marketwatch.com with their article: “Investors jumped into dividend ETFs in Q3, ignoring slowing growth …” published on October 06, 2016, Seekingalpha.com published: “How Reinvesting Dividends Is Dragging You Down” on July 25, 2016. More interesting news about iShares Select Dividend ETF (NYSEARCA:DVY) were released by: Seekingalpha.com and their article: “A Dividend ETF That You Can Buy And Hold Forever” published on June 07, 2016 as well as Seekingalpha.com‘s news article titled: “Lingering Low Rates Will Boost DVY” with publication date: April 12, 2016.
DVY Company Profile
iShares Dow Jones Select Dividend Index 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 stocks are screened by dividend-per-share growth rate, dividend payout percentage and average daily dollar trading volume, and are selected based on dividend yield.
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