Balentine LLC Has $4.61 Million Holdings in iShares Select Dividend ETF $DVY

Balentine LLC increased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,672 shares of the company’s stock after acquiring an additional 1,603 shares during the quarter. iShares Select Dividend ETF accounts for about 0.2% of Balentine LLC’s holdings, making the stock its 27th largest position. Balentine LLC’s holdings in iShares Select Dividend ETF were worth $4,605,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in iShares Select Dividend ETF by 549.1% during the first quarter. GAMMA Investing LLC now owns 1,506 shares of the company’s stock valued at $202,000 after purchasing an additional 1,274 shares in the last quarter. Millstone Evans Group LLC grew its position in iShares Select Dividend ETF by 89.4% during the first quarter. Millstone Evans Group LLC now owns 517 shares of the company’s stock valued at $69,000 after purchasing an additional 244 shares in the last quarter. Cove Private Wealth LLC grew its position in iShares Select Dividend ETF by 64.6% during the second quarter. Cove Private Wealth LLC now owns 8,280 shares of the company’s stock valued at $1,100,000 after purchasing an additional 3,250 shares in the last quarter. Courage Miller Partners LLC grew its position in iShares Select Dividend ETF by 28.6% during the second quarter. Courage Miller Partners LLC now owns 2,795 shares of the company’s stock valued at $371,000 after purchasing an additional 621 shares in the last quarter. Finally, Worth Financial Advisory Group LLC grew its position in iShares Select Dividend ETF by 29.0% during the second quarter. Worth Financial Advisory Group LLC now owns 2,777 shares of the company’s stock valued at $369,000 after purchasing an additional 625 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $139.17 on Friday. The company has a market capitalization of $20.38 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The company’s 50 day moving average price is $141.13 and its 200 day moving average price is $135.73.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a $1.2465 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th.

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.