Level Four Advisory Services LLC Has $2.46 Million Stake in iShares Select Dividend ETF $DVY

Level Four Advisory Services LLC decreased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,297 shares of the company’s stock after selling 408 shares during the quarter. Level Four Advisory Services LLC’s holdings in iShares Select Dividend ETF were worth $2,457,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of DVY. Heritage Financial Services LLC grew its position in iShares Select Dividend ETF by 6.0% in the 1st quarter. Heritage Financial Services LLC now owns 2,089 shares of the company’s stock valued at $281,000 after purchasing an additional 119 shares during the period. Watts Gwilliam & Co. LLC increased its position in shares of iShares Select Dividend ETF by 9.9% during the 1st quarter. Watts Gwilliam & Co. LLC now owns 13,021 shares of the company’s stock valued at $1,749,000 after purchasing an additional 1,170 shares during the last quarter. Northern Trust Corp increased its position in shares of iShares Select Dividend ETF by 6.7% during the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock valued at $415,433,000 after purchasing an additional 194,941 shares during the last quarter. Mill Creek Capital Advisors LLC increased its position in shares of iShares Select Dividend ETF by 0.6% during the 1st quarter. Mill Creek Capital Advisors LLC now owns 22,601 shares of the company’s stock valued at $3,035,000 after purchasing an additional 131 shares during the last quarter. Finally, Cascade Financial Partners LLC increased its position in shares of iShares Select Dividend ETF by 1.5% during the 1st quarter. Cascade Financial Partners LLC now owns 15,883 shares of the company’s stock valued at $2,133,000 after purchasing an additional 233 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $139.21 on Friday. The business has a 50-day moving average of $135.25 and a 200 day moving average of $132.63. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The firm has a market cap of $20.41 billion, a P/E ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were issued a $1.2333 dividend. This is an increase 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 annualized dividend and a yield of 3.5%.

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.