iShares Select Dividend ETF $DVY Shares Purchased by Patten & Patten Inc. TN

Patten & Patten Inc. TN boosted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 53.1% in the 3rd quarter, Holdings Channel reports. The fund owned 10,873 shares of the company’s stock after purchasing an additional 3,772 shares during the period. Patten & Patten Inc. TN’s holdings in iShares Select Dividend ETF were worth $1,545,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Parvin Asset Management LLC acquired a new stake in shares of iShares Select Dividend ETF during the second quarter worth $27,000. Financial Gravity Companies Inc. acquired a new position in iShares Select Dividend ETF in the second quarter valued at $29,000. Total Investment Management Inc. purchased a new position in iShares Select Dividend ETF during the second quarter worth about $29,000. Kilter Group LLC acquired a new stake in iShares Select Dividend ETF in the 2nd quarter worth about $31,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in iShares Select Dividend ETF by 242.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock worth $36,000 after buying an additional 182 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $147.89 on Monday. The company has a market cap of $21.72 billion, a P/E ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $149.76. The company has a 50-day moving average of $143.14 and a 200-day moving average of $140.80.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a dividend of $1.6162 per share. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, December 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.