Focus Partners Wealth Increases Holdings in iShares Select Dividend ETF $DVY

Focus Partners Wealth increased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 11.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 466,225 shares of the company’s stock after purchasing an additional 47,957 shares during the period. Focus Partners Wealth owned 0.32% of iShares Select Dividend ETF worth $65,805,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter worth $26,000. Ransom Advisory Ltd acquired a new position in iShares Select Dividend ETF in the 4th quarter worth $27,000. Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF in the 2nd quarter worth $34,000. Jessup Wealth Management Inc acquired a new position in iShares Select Dividend ETF in the 4th quarter worth $38,000. Finally, Headlands Technologies LLC acquired a new position in iShares Select Dividend ETF in the 2nd quarter worth $38,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $156.25 on Tuesday. iShares Select Dividend ETF has a 12 month low of $129.36 and a 12 month high of $160.38. The firm has a market capitalization of $22.98 billion, a P/E ratio of 13.69 and a beta of 0.66. The company’s fifty day moving average price is $153.64 and its two-hundred day moving average price is $150.33.

iShares Select Dividend ETF Increases Dividend

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

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.