Old Mission Investment Co LLC Takes Position in iShares Select Dividend ETF $DVY

Old Mission Investment Co LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 8,022 shares of the company’s stock, valued at approximately $1,254,000.

A number of other hedge funds have also recently added to or reduced their stakes in DVY. Brighton Jones LLC increased its holdings in shares of iShares Select Dividend ETF by 14.3% during the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after acquiring an additional 1,524 shares during the last quarter. AQR Capital Management LLC lifted its holdings in iShares Select Dividend ETF by 44.7% in the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,918 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF during the second quarter worth approximately $34,000. NewEdge Advisors LLC boosted its position in iShares Select Dividend ETF by 0.4% during the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after purchasing an additional 326 shares during the period. Finally, Quantinno Capital Management LP grew its holdings in iShares Select Dividend ETF by 52.8% during the second quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock valued at $3,260,000 after purchasing an additional 8,479 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.4%

NASDAQ:DVY opened at $164.25 on Friday. The company’s 50 day moving average is $162.03 and its 200-day moving average is $156.41. iShares Select Dividend ETF has a 12 month low of $137.16 and a 12 month high of $167.06. The firm has a market cap of $23.92 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $1.2472 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend and a yield of 3.0%.

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.