iShares Select Dividend ETF $DVY Stock Position Raised by NorthRock Partners LLC

NorthRock Partners LLC lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 10.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,644 shares of the company’s stock after acquiring an additional 981 shares during the period. NorthRock Partners LLC’s holdings in iShares Select Dividend ETF were worth $1,414,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Gravity Asset Management Inc. acquired a new stake in iShares Select Dividend ETF in the 1st quarter valued at approximately $30,000. IMA Advisory Services Inc. acquired a new stake in iShares Select Dividend ETF in the 1st quarter valued at $34,000. Cypress Capital Management LLC WY acquired a new stake in iShares Select Dividend ETF in the 1st quarter valued at $35,000. First Pacific Financial acquired a new stake in iShares Select Dividend ETF in the 1st quarter valued at $40,000. Finally, Rossby Financial LCC acquired a new stake in iShares Select Dividend ETF in the 1st quarter valued at $60,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $139.47 on Tuesday. The stock’s fifty day simple moving average is $140.27 and its 200 day simple moving average is $134.32. The firm has a market cap of $20.51 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were paid a $1.2465 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th.

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.