14,111 Shares of iShares Select Dividend ETF $DVY Acquired by Wavvest Wealth LLC

Wavvest Wealth LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 14,111 shares of the company’s stock, valued at approximately $2,146,000. iShares Select Dividend ETF makes up approximately 1.7% of Wavvest Wealth LLC’s investment portfolio, making the stock its 17th biggest holding.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Stonebridge Advisors LLC bought a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth approximately $553,074,000. Envestnet Asset Management Inc. boosted its position in shares of iShares Select Dividend ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock worth $246,334,000 after acquiring an additional 88,825 shares in the last quarter. Fifth Third Bancorp increased its stake in iShares Select Dividend ETF by 2.1% in the second quarter. Fifth Third Bancorp now owns 658,941 shares of the company’s stock valued at $102,992,000 after acquiring an additional 13,257 shares during the last quarter. Arch Capital Group LTD. bought a new position in iShares Select Dividend ETF in the second quarter valued at approximately $91,939,000. Finally, Cetera Investment Advisers increased its stake in iShares Select Dividend ETF by 5.9% in the first quarter. Cetera Investment Advisers now owns 539,922 shares of the company’s stock valued at $81,750,000 after acquiring an additional 29,898 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

Shares of DVY opened at $159.39 on Thursday. iShares Select Dividend ETF has a one year low of $137.16 and a one year high of $167.06. The company has a market cap of $23.24 billion, a P/E ratio of 13.69 and a beta of 0.66. The firm has a 50 day simple moving average of $159.61 and a two-hundred day simple moving average of $157.52.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a $1.3291 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472.

About iShares Select Dividend ETF

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.