Envestnet Asset Management Inc. Increases Stake in iShares Select Dividend ETF $DVY

Envestnet Asset Management Inc. raised its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,612,404 shares of the company’s stock after buying an additional 57,961 shares during the period. Envestnet Asset Management Inc. owned about 1.10% of iShares Select Dividend ETF worth $214,086,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Gravity Asset Management Inc. purchased a new stake in shares of iShares Select Dividend ETF in the first quarter worth $30,000. IMA Advisory Services Inc. purchased a new stake in shares of iShares Select Dividend ETF in the first quarter worth $34,000. Cypress Capital Management LLC WY purchased a new stake in shares of iShares Select Dividend ETF in the first quarter worth $35,000. Rossby Financial LCC purchased a new stake in shares of iShares Select Dividend ETF in the first quarter worth $60,000. Finally, Creative Capital Management Investments LLC increased its stake in shares of iShares Select Dividend ETF by 82.1% in the second quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock worth $61,000 after purchasing an additional 207 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $142.47 on Tuesday. The firm has a fifty day moving average price of $141.12 and a 200-day moving average price of $135.36. The stock has a market cap of $20.88 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors 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 a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 annualized dividend and a yield of 3.5%.

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.