iShares Select Dividend ETF $DVY Shares Newly Purchased by Wavvest Wealth LLC

Wavvest Wealth LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 14,111 shares of the company’s stock, valued at approximately $2,146,000. iShares Select Dividend ETF accounts for about 1.7% of Wavvest Wealth LLC’s investment portfolio, making the stock its 17th largest holding.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of iShares Select Dividend ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock valued at $246,334,000 after buying an additional 88,825 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of iShares Select Dividend ETF by 2.1% in the second quarter. Fifth Third Bancorp now owns 658,941 shares of the company’s stock valued at $102,992,000 after buying an additional 13,257 shares during the period. Cetera Investment Advisers boosted its stake in shares of iShares Select Dividend ETF by 5.9% in the first quarter. Cetera Investment Advisers now owns 539,922 shares of the company’s stock valued at $81,750,000 after buying an additional 29,898 shares during the period. AMG National Trust Bank boosted its stake in shares of iShares Select Dividend ETF by 2.9% in the first quarter. AMG National Trust Bank now owns 313,946 shares of the company’s stock valued at $47,535,000 after buying an additional 8,806 shares during the period. Finally, Sterling Investment Advisors Ltd. grew its position in iShares Select Dividend ETF by 14.8% during the second quarter. Sterling Investment Advisors Ltd. now owns 305,312 shares of the company’s stock worth $47,720,000 after buying an additional 39,312 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $159.39 on Thursday. The business’s 50 day simple moving average is $159.61 and its 200 day simple moving average is $157.52. iShares Select Dividend ETF has a 1 year low of $137.16 and a 1 year high of $167.06. The company has a market capitalization of $23.24 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $1.3291 per share. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472.

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.