iShares Select Dividend ETF $DVY Shares Purchased by Centricity Wealth Management LLC

Centricity Wealth Management LLC grew its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 51.0% in the second quarter, Holdings Channel.com reports. The fund owned 4,677 shares of the company’s stock after purchasing an additional 1,580 shares during the period. Centricity Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Gravity Asset Management Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter valued at approximately $30,000. IMA Advisory Services Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter valued at approximately $34,000. Cypress Capital Management LLC WY acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter valued at approximately $35,000. First Pacific Financial acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter valued at approximately $40,000. Finally, IAG Wealth Partners LLC purchased a new position in shares of iShares Select Dividend ETF during the 1st quarter worth approximately $54,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $142.10 on Wednesday. The firm has a 50 day simple moving average of $139.37 and a 200-day simple moving average of $133.82. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The stock has a market cap of $20.83 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were paid a $1.2465 dividend. This represents a $4.99 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

iShares Select Dividend ETF Company Profile

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.