iShares Select Dividend ETF $DVY Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 11.8% in the first quarter, HoldingsChannel reports. The firm owned 213,855 shares of the company’s stock after acquiring an additional 22,564 shares during the quarter. Private Advisor Group LLC’s holdings in iShares Select Dividend ETF were worth $32,380,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DVY. Advisory Services Network LLC boosted its stake in shares of iShares Select Dividend ETF by 11.8% in the 3rd quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock valued at $18,287,000 after buying an additional 13,536 shares during the period. Park Avenue Securities LLC grew its position in shares of iShares Select Dividend ETF by 40.1% during the fourth quarter. Park Avenue Securities LLC now owns 15,733 shares of the company’s stock worth $2,221,000 after buying an additional 4,507 shares in the last quarter. CIBC Bancorp USA Inc. purchased a new stake in shares of iShares Select Dividend ETF during the third quarter worth approximately $8,718,000. First United Bank & Trust increased its stake in shares of iShares Select Dividend ETF by 7.9% during the fourth quarter. First United Bank & Trust now owns 65,081 shares of the company’s stock worth $9,186,000 after buying an additional 4,754 shares during the period. Finally, Greenwood Capital Associates LLC raised its holdings in iShares Select Dividend ETF by 187.8% in the fourth quarter. Greenwood Capital Associates LLC now owns 21,787 shares of the company’s stock valued at $3,075,000 after acquiring an additional 14,217 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $159.08 on Friday. iShares Select Dividend ETF has a fifty-two week low of $132.83 and a fifty-two week high of $160.38. The firm’s 50 day moving average price is $154.68 and its 200 day moving average price is $151.61. The stock has a market cap of $23.31 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $1.2472 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.