1,255 Shares in iShares Select Dividend ETF (NASDAQ:DVY) Acquired by LRI Investments LLC

LRI Investments LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,255 shares of the company’s stock, valued at approximately $156,000.

A number of other hedge funds have also recently bought and sold shares of the company. WASHINGTON TRUST Co raised its stake in iShares Select Dividend ETF by 3,475.0% during the fourth quarter. WASHINGTON TRUST Co now owns 14,300 shares of the company’s stock worth $1,676,000 after purchasing an additional 13,900 shares during the period. Pettinga Financial Advisors LLC purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $202,000. Lauterbach Financial Advisors LLC purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $210,000. Relyea Zuckerberg Hanson LLC acquired a new position in iShares Select Dividend ETF during the 4th quarter worth $200,000. Finally, Precedent Wealth Partners LLC acquired a new position in iShares Select Dividend ETF during the 4th quarter worth $1,655,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY traded up $1.32 during midday trading on Friday, hitting $129.49. The company’s stock had a trading volume of 446,466 shares, compared to its average volume of 507,500. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $129.66. The firm’s fifty day moving average price is $122.86 and its 200-day moving average price is $120.07. The firm has a market cap of $19.39 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.9304 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Tuesday, June 11th.

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.