iShares Select Dividend ETF (NASDAQ:DVY) Shares Bought by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 116,199 shares of the company’s stock after acquiring an additional 6,166 shares during the quarter. Avantax Advisory Services Inc.’s holdings in iShares Select Dividend ETF were worth $14,313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. GAMMA Investing LLC acquired a new position in iShares Select Dividend ETF in the 4th quarter worth approximately $27,000. Parkside Financial Bank & Trust boosted its position in shares of iShares Select Dividend ETF by 91.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after buying an additional 186 shares during the period. Headlands Technologies LLC grew its holdings in shares of iShares Select Dividend ETF by 884.6% during the first quarter. Headlands Technologies LLC now owns 384 shares of the company’s stock valued at $47,000 after buying an additional 345 shares in the last quarter. Richardson Financial Services Inc. acquired a new position in iShares Select Dividend ETF during the fourth quarter valued at $49,000. Finally, ZRC Wealth Management LLC lifted its stake in iShares Select Dividend ETF by 154.7% in the 1st quarter. ZRC Wealth Management LLC now owns 456 shares of the company’s stock worth $55,000 after acquiring an additional 277 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 1.6 %

Shares of NASDAQ:DVY traded up $2.05 during trading on Tuesday, reaching $127.20. 519,721 shares of the company traded hands, compared to its average volume of 507,297. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $127.24. The firm has a market cap of $19.09 billion, a P/E ratio of 13.25 and a beta of 0.87. The firm has a fifty day simple moving average of $122.26 and a 200 day simple moving average of $119.46.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.9304 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 annualized dividend and a dividend yield of 2.93%.

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.