S&A Financial Services Inc. Invests $917,000 in iShares Select Dividend ETF $DVY

S&A Financial Services Inc. bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 6,054 shares of the company’s stock, valued at approximately $917,000.

Several other hedge funds have also bought and sold shares of DVY. Caitlin John LLC bought a new position in iShares Select Dividend ETF during the fourth quarter worth about $25,000. Elevated Capital Advisors LLC bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at approximately $26,000. Miller Capital Partners Inc. acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $30,000. Main Street Group LTD acquired a new stake in shares of iShares Select Dividend ETF in the first quarter valued at approximately $33,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $34,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $161.21 on Monday. The company has a market capitalization of $23.48 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $166.79. The stock has a 50 day moving average of $157.88 and a 200-day moving average of $154.23.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were issued a dividend of $1.2472 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.99 annualized dividend and a yield of 3.1%. This is a positive change 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.