International Assets Investment Management LLC Buys 169,508 Shares of iShares Select Dividend ETF $DVY

International Assets Investment Management LLC raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 1,401.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 181,600 shares of the company’s stock after buying an additional 169,508 shares during the period. International Assets Investment Management LLC owned about 0.12% of iShares Select Dividend ETF worth $27,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Partners Wealth Management LLC raised its holdings in iShares Select Dividend ETF by 640.0% during the 3rd quarter. Partners Wealth Management LLC now owns 10,278 shares of the company’s stock worth $1,563,000 after purchasing an additional 8,889 shares during the last quarter. Founders Financial Securities LLC lifted its position in shares of iShares Select Dividend ETF by 4.3% in the 3rd quarter. Founders Financial Securities LLC now owns 10,080 shares of the company’s stock worth $1,533,000 after purchasing an additional 413 shares during the period. Choreo LLC lifted its position in shares of iShares Select Dividend ETF by 4.3% in the 3rd quarter. Choreo LLC now owns 9,282 shares of the company’s stock worth $1,412,000 after purchasing an additional 379 shares during the period. Sigma Investment Counselors Inc. lifted its position in shares of iShares Select Dividend ETF by 11.0% in the 3rd quarter. Sigma Investment Counselors Inc. now owns 2,010 shares of the company’s stock worth $306,000 after purchasing an additional 200 shares during the period. Finally, Angeles Wealth Management LLC boosted its stake in shares of iShares Select Dividend ETF by 12.4% in the 3rd quarter. Angeles Wealth Management LLC now owns 4,183 shares of the company’s stock valued at $636,000 after purchasing an additional 460 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $162.53 on Friday. iShares Select Dividend ETF has a 52 week low of $137.16 and a 52 week high of $167.06. The firm’s fifty day moving average is $159.14 and its 200-day moving average is $156.09. The firm has a market cap of $23.68 billion, a P/E 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 Friday, September 18th. Investors of record on Tuesday, September 15th were issued a $1.3291 dividend. 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. This represents a $5.32 annualized dividend and a yield of 3.3%.

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.