iShares Select Dividend ETF $DVY Shares Purchased by Patten & Patten Inc. TN

Patten & Patten Inc. TN raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 53.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,873 shares of the company’s stock after acquiring an additional 3,772 shares during the period. Patten & Patten Inc. TN’s holdings in iShares Select Dividend ETF were worth $1,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Code Waechter LLC boosted its position in shares of iShares Select Dividend ETF by 1.0% in the 3rd quarter. Code Waechter LLC now owns 7,120 shares of the company’s stock valued at $1,005,000 after purchasing an additional 71 shares during the period. Brighton Jones LLC increased its position in iShares Select Dividend ETF by 0.7% during the second quarter. Brighton Jones LLC now owns 11,418 shares of the company’s stock worth $1,516,000 after buying an additional 75 shares during the period. North Forty Two & Co. lifted its stake in iShares Select Dividend ETF by 1.6% in the second quarter. North Forty Two & Co. now owns 4,902 shares of the company’s stock valued at $651,000 after buying an additional 75 shares during the last quarter. Precedent Wealth Partners LLC lifted its stake in iShares Select Dividend ETF by 0.7% in the second quarter. Precedent Wealth Partners LLC now owns 11,185 shares of the company’s stock valued at $1,486,000 after buying an additional 77 shares during the last quarter. Finally, Journey Strategic Wealth LLC boosted its holdings in shares of iShares Select Dividend ETF by 2.4% in the second quarter. Journey Strategic Wealth LLC now owns 3,331 shares of the company’s stock valued at $442,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.6%

Shares of DVY opened at $147.89 on Monday. The company’s 50 day simple moving average is $143.14 and its 200-day simple moving average is $140.80. The firm has a market cap of $21.72 billion, a PE 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 $149.76.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $1.6162 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, December 16th.

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