Hsbc Holdings PLC Has $2.15 Million Stock Position in iShares Select Dividend ETF $DVY

Hsbc Holdings PLC grew its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 336.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 15,231 shares of the company’s stock after acquiring an additional 11,741 shares during the period. Hsbc Holdings PLC’s holdings in iShares Select Dividend ETF were worth $2,150,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Caitlin John LLC bought a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at $26,000. Ransom Advisory Ltd bought a new stake in iShares Select Dividend ETF during the 4th quarter worth $27,000. Miller Capital Partners Inc. bought a new stake in iShares Select Dividend ETF during the 4th quarter worth $30,000. Finally, Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF in the 2nd quarter worth about $34,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.2%

Shares of DVY opened at $157.90 on Tuesday. The stock has a market cap of $23.23 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12-month low of $131.86 and a 12-month high of $160.38. The business has a 50-day simple moving average of $154.27 and a two-hundred day simple moving average of $151.27.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a dividend yield of 3.2%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th.

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.