Koshinski Asset Management Inc. Acquires 1,260 Shares of iShares Select Dividend ETF $DVY

Koshinski Asset Management Inc. lifted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 18.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,159 shares of the company’s stock after buying an additional 1,260 shares during the quarter. Koshinski Asset Management Inc.’s holdings in iShares Select Dividend ETF were worth $1,084,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of DVY. Financial Gravity Asset Management Inc. purchased a new stake in shares of iShares Select Dividend ETF during the first quarter worth $30,000. IMA Advisory Services Inc. bought a new stake in shares of iShares Select Dividend ETF during the 1st quarter valued at $34,000. Cypress Capital Management LLC WY purchased a new stake in iShares Select Dividend ETF during the 1st quarter worth about $35,000. First Pacific Financial bought a new position in iShares Select Dividend ETF in the 1st quarter worth about $40,000. Finally, Rossby Financial LCC purchased a new position in iShares Select Dividend ETF during the 1st quarter valued at about $60,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.7%

Shares of DVY opened at $140.19 on Friday. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09. The stock has a market cap of $20.63 billion, a PE ratio of 13.69 and a beta of 0.87. The business’s 50-day moving average price is $140.66 and its 200-day moving average price is $134.49.

iShares Select Dividend ETF Increases Dividend

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

iShares Select Dividend ETF Company 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.