Northeast Investment Management Buys 127 Shares of iShares Select Dividend ETF $DVY

Northeast Investment Management lifted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,174 shares of the company’s stock after purchasing an additional 127 shares during the quarter. Northeast Investment Management’s holdings in iShares Select Dividend ETF were worth $289,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Northern Trust Corp increased its stake in iShares Select Dividend ETF by 6.7% in the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock worth $415,433,000 after acquiring an additional 194,941 shares during the last quarter. LPL Financial LLC boosted its position in shares of iShares Select Dividend ETF by 1.1% during the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after acquiring an additional 16,803 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Select Dividend ETF in the second quarter valued at $178,925,000. Raymond James Financial Inc. increased its position in iShares Select Dividend ETF by 2.1% in the first quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock worth $163,204,000 after purchasing an additional 24,643 shares during the last quarter. Finally, Truist Financial Corp raised its stake in iShares Select Dividend ETF by 1.4% during the second quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock valued at $154,820,000 after purchasing an additional 15,783 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 0.7%

DVY stock opened at $140.19 on Monday. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The firm has a market capitalization of $20.63 billion, a P/E ratio of 13.69 and a beta of 0.87. The company has a fifty day simple moving average of $140.66 and a two-hundred day simple moving average of $134.52.

iShares Select Dividend ETF Increases Dividend

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

About iShares Select Dividend ETF

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.