Sterling Investment Advisors Ltd. Has $47.72 Million Stock Holdings in iShares Select Dividend ETF $DVY

Sterling Investment Advisors Ltd. increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 14.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,312 shares of the company’s stock after purchasing an additional 39,312 shares during the period. iShares Select Dividend ETF makes up approximately 7.3% of Sterling Investment Advisors Ltd.’s holdings, making the stock its biggest position. Sterling Investment Advisors Ltd. owned 0.21% of iShares Select Dividend ETF worth $47,720,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after buying an additional 6,044,290 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of iShares Select Dividend ETF by 178.6% in the first quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock worth $97,763,000 after buying an additional 413,908 shares in the last quarter. Align Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $39,639,000. Morgan Stanley grew its holdings in shares of iShares Select Dividend ETF by 3.6% during the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after buying an additional 224,125 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of iShares Select Dividend ETF by 236.4% during the fourth quarter. Corient Private Wealth LLC now owns 282,323 shares of the company’s stock valued at $39,847,000 after buying an additional 198,397 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 0.6%

Shares of DVY opened at $163.31 on Wednesday. The company has a market capitalization of $23.79 billion, a P/E ratio of 13.69 and a beta of 0.66. The firm has a 50 day moving average of $162.29 and a 200 day moving average of $156.50. iShares Select Dividend ETF has a twelve month low of $137.16 and a twelve month high of $167.06.

iShares Select Dividend ETF Increases Dividend

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

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.