iShares Select Dividend ETF $DVY Stock: International Assets Investment Management LLC Raises Stake

International Assets Investment Management LLC raised its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1,401.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 181,600 shares of the company’s stock after buying an additional 169,508 shares during the quarter. International Assets Investment Management LLC’s holdings in iShares Select Dividend ETF were worth $27,616,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DVY. Main Street Group LTD bought a new position in iShares Select Dividend ETF during the first quarter worth $33,000. Horizons Wealth Management acquired a new stake in iShares Select Dividend ETF in the third quarter worth $55,000. GKV Capital Management Co. Inc. acquired a new stake in iShares Select Dividend ETF in the first quarter worth $61,000. Compass Wealth Management LLC bought a new stake in iShares Select Dividend ETF in the third quarter valued at $63,000. Finally, Evergreen Advisors LLC bought a new stake in iShares Select Dividend ETF in the first quarter valued at $68,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Up 0.2%

Shares of NASDAQ DVY opened at $162.53 on Friday. The firm’s 50-day moving average price is $159.14 and its 200-day moving average price is $156.09. iShares Select Dividend ETF has a 1-year low of $137.16 and a 1-year high of $167.06. The firm has a market capitalization of $23.68 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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

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.