Hoese & Co LLP Acquires 1,220 Shares of iShares Select Dividend ETF $DVY

Hoese & Co LLP lifted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 37.3% in the 2nd quarter, Holdings Channel.com reports. The firm owned 4,495 shares of the company’s stock after acquiring an additional 1,220 shares during the quarter. iShares Select Dividend ETF makes up about 0.5% of Hoese & Co LLP’s holdings, making the stock its 17th largest holding. Hoese & Co LLP’s holdings in iShares Select Dividend ETF were worth $597,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DVY. Financial Gravity Asset Management Inc. purchased a new stake in iShares Select Dividend ETF during the first quarter worth $30,000. IMA Advisory Services Inc. bought a new position in shares of iShares Select Dividend ETF in the 1st quarter worth $34,000. Cypress Capital Management LLC WY bought a new position in shares of iShares Select Dividend ETF in the 1st quarter worth $35,000. First Pacific Financial purchased a new stake in shares of iShares Select Dividend ETF during the 1st quarter worth $40,000. Finally, Rossby Financial LCC bought a new stake in iShares Select Dividend ETF during the first quarter valued at about $60,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

DVY opened at $140.19 on Friday. The firm has a market capitalization of $20.62 billion, a PE ratio of 13.69 and a beta of 0.87. The business’s 50-day moving average is $140.66 and its two-hundred day moving average is $134.49. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a dividend of $1.2465 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 dividend on an annualized basis and a 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.