iShares Select Dividend ETF $DVY Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 11.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 213,855 shares of the company’s stock after buying an additional 22,564 shares during the quarter. Private Advisor Group LLC owned approximately 0.15% of iShares Select Dividend ETF worth $32,380,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Caitlin John LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $25,000. Elevated Capital Advisors LLC acquired a new position in iShares Select Dividend ETF in the 4th quarter valued at about $26,000. Ransom Advisory Ltd purchased a new stake in iShares Select Dividend ETF during the fourth quarter worth about $27,000. Miller Capital Partners Inc. purchased a new stake in iShares Select Dividend ETF during the fourth quarter worth about $30,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of iShares Select Dividend ETF during the second quarter worth about $34,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $159.08 on Friday. The company’s 50-day simple moving average is $154.68 and its 200-day simple moving average is $151.61. iShares Select Dividend ETF has a 1 year low of $132.83 and a 1 year high of $160.38. The stock has a market capitalization of $23.31 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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