Balentine LLC Acquires 1,603 Shares of iShares Select Dividend ETF $DVY

Balentine LLC grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 4.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 34,672 shares of the company’s stock after purchasing an additional 1,603 shares during the quarter. iShares Select Dividend ETF makes up 0.2% of Balentine LLC’s investment portfolio, making the stock its 27th largest position. Balentine LLC’s holdings in iShares Select Dividend ETF were worth $4,605,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its stake in shares of iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after buying an additional 1,524 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of iShares Select Dividend ETF by 549.1% in the first quarter. GAMMA Investing LLC now owns 1,506 shares of the company’s stock worth $202,000 after buying an additional 1,274 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of iShares Select Dividend ETF in the first quarter worth $60,000. Private Trust Co. NA lifted its stake in shares of iShares Select Dividend ETF by 4.7% in the first quarter. Private Trust Co. NA now owns 8,519 shares of the company’s stock worth $1,144,000 after buying an additional 383 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its stake in shares of iShares Select Dividend ETF by 19.6% in the first quarter. D.A. Davidson & CO. now owns 21,286 shares of the company’s stock worth $2,859,000 after buying an additional 3,493 shares during the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Trading Down 0.2%

Shares of iShares Select Dividend ETF stock opened at $139.17 on Friday. The firm has a fifty day simple moving average of $141.13 and a 200-day simple moving average of $135.73. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The stock has a market capitalization of $20.38 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a $1.2465 dividend. The ex-dividend date 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 dividend on an annualized basis and a dividend yield of 3.6%.

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.