iShares Select Dividend ETF (NASDAQ:DVY) Shares Acquired by Taylor Financial Group Inc.

Taylor Financial Group Inc. boosted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 8.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,440 shares of the company’s stock after purchasing an additional 1,819 shares during the period. iShares Select Dividend ETF comprises approximately 2.2% of Taylor Financial Group Inc.’s holdings, making the stock its 7th largest position. Taylor Financial Group Inc.’s holdings in iShares Select Dividend ETF were worth $3,148,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in iShares Select Dividend ETF by 4.5% in the fourth quarter. Royal Bank of Canada now owns 2,346,687 shares of the company’s stock valued at $308,096,000 after buying an additional 100,103 shares in the last quarter. LPL Financial LLC increased its holdings in iShares Select Dividend ETF by 1.1% in the first quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after buying an additional 16,803 shares in the last quarter. Northside Capital Management LLC increased its holdings in iShares Select Dividend ETF by 0.5% in the first quarter. Northside Capital Management LLC now owns 684,891 shares of the company’s stock valued at $91,974,000 after buying an additional 3,411 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in iShares Select Dividend ETF by 2.7% in the first quarter. Commonwealth Equity Services LLC now owns 664,202 shares of the company’s stock valued at $89,196,000 after buying an additional 17,558 shares in the last quarter. Finally, Comerica Bank increased its holdings in iShares Select Dividend ETF by 1.9% in the fourth quarter. Comerica Bank now owns 493,235 shares of the company’s stock valued at $64,757,000 after buying an additional 9,181 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.4%

Shares of iShares Select Dividend ETF stock opened at $136.10 on Friday. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09. The stock has a market cap of $19.95 billion, a PE ratio of 13.69 and a beta of 0.87. The company has a 50-day moving average of $134.03 and a two-hundred day moving average of $132.42.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were paid a dividend of $1.2333 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.93 dividend on an annualized basis and a dividend yield of 3.6%.

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.