Cetera Investment Advisers Purchases 2,845 Shares of iShares Select Dividend ETF $DVY

Cetera Investment Advisers raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 0.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 388,313 shares of the company’s stock after buying an additional 2,845 shares during the quarter. Cetera Investment Advisers owned about 0.26% of iShares Select Dividend ETF worth $51,572,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DVY. IMA Advisory Services Inc. bought a new position in iShares Select Dividend ETF in the first quarter valued at approximately $34,000. Cypress Capital Management LLC WY bought a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at $35,000. Creative Capital Management Investments LLC raised its holdings in shares of iShares Select Dividend ETF by 82.1% during the 2nd quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock worth $61,000 after buying an additional 207 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in shares of iShares Select Dividend ETF during the 1st quarter worth $64,000. Finally, Millstone Evans Group LLC boosted its stake in iShares Select Dividend ETF by 89.4% in the first quarter. Millstone Evans Group LLC now owns 517 shares of the company’s stock valued at $69,000 after buying an additional 244 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.2%

Shares of NASDAQ DVY opened at $140.64 on Friday. The company has a market cap of $20.59 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09. The stock has a 50-day moving average price of $140.84 and a two-hundred day moving average price of $136.73.

iShares Select Dividend ETF Increases Dividend

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

iShares Select Dividend ETF 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.