Prospera Financial Services Inc Raises Stake in iShares Select Dividend ETF $DVY

Prospera Financial Services Inc increased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 33.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,016 shares of the company’s stock after buying an additional 10,539 shares during the quarter. Prospera Financial Services Inc’s holdings in iShares Select Dividend ETF were worth $5,971,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Code Waechter LLC boosted its holdings in shares of iShares Select Dividend ETF by 1.0% in the 3rd quarter. Code Waechter LLC now owns 7,120 shares of the company’s stock valued at $1,005,000 after acquiring an additional 71 shares during the last quarter. Brighton Jones LLC lifted its position in iShares Select Dividend ETF by 0.7% during the second quarter. Brighton Jones LLC now owns 11,418 shares of the company’s stock valued at $1,516,000 after purchasing an additional 75 shares during the period. North Forty Two & Co. lifted its position in iShares Select Dividend ETF by 1.6% during the second quarter. North Forty Two & Co. now owns 4,902 shares of the company’s stock valued at $651,000 after purchasing an additional 75 shares during the period. Journey Strategic Wealth LLC boosted its holdings in iShares Select Dividend ETF by 2.4% in the second quarter. Journey Strategic Wealth LLC now owns 3,331 shares of the company’s stock valued at $442,000 after purchasing an additional 78 shares during the last quarter. Finally, TFC Financial Management Inc. grew its position in iShares Select Dividend ETF by 2.3% during the 2nd quarter. TFC Financial Management Inc. now owns 3,567 shares of the company’s stock worth $474,000 after purchasing an additional 80 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $155.77 on Wednesday. The firm has a market capitalization of $22.72 billion, a P/E ratio of 13.69 and a beta of 0.77. The stock has a 50-day simple moving average of $145.88 and a two-hundred day simple moving average of $142.14. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $156.12.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given 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 annualized dividend and a yield of 4.2%. The ex-dividend date was Tuesday, December 16th.

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.