Regent Peak Wealth Advisors LLC Takes Position in iShares Select Dividend ETF $DVY

Regent Peak Wealth Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the third quarter, Holdings Channel reports. The firm acquired 4,517 shares of the company’s stock, valued at approximately $642,000.

A number of other institutional investors have also recently added to or reduced their stakes in DVY. Parvin Asset Management LLC acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at $27,000. Financial Gravity Companies Inc. bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $29,000. Total Investment Management Inc. acquired a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth approximately $29,000. Kilter Group LLC bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth approximately $31,000. Finally, Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF during the second quarter valued at approximately $34,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $142.40 on Friday. The stock has a market capitalization of $20.85 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $145.03. The company has a 50 day moving average price of $141.25 and a 200 day moving average price of $138.90.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were issued a $1.6162 dividend. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, December 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.