iShares Select Dividend ETF $DVY Shares Purchased by Focus Partners Wealth

Focus Partners Wealth grew its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 11.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 466,225 shares of the company’s stock after purchasing an additional 47,957 shares during the quarter. Focus Partners Wealth’s holdings in iShares Select Dividend ETF were worth $65,805,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. HighTower Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 5.2% in the 3rd quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock valued at $46,870,000 after purchasing an additional 16,296 shares in the last quarter. Advisory Services Network LLC raised 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 purchasing an additional 13,536 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at about $459,000. American Wealth Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at about $1,884,000. Finally, Park Avenue Securities LLC raised its stake in shares of iShares Select Dividend ETF by 40.1% in the 4th quarter. Park Avenue Securities LLC now owns 15,733 shares of the company’s stock valued at $2,221,000 after purchasing an additional 4,507 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $156.25 on Tuesday. The firm has a market cap of $22.98 billion, a PE ratio of 13.69 and a beta of 0.66. The firm’s 50-day simple moving average is $153.64 and its 200-day simple moving average is $150.33. iShares Select Dividend ETF has a 1 year low of $129.36 and a 1 year high of $160.38.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 15th will be paid a $1.2472 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date is Monday, June 15th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.2%.

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.