Old Mission Investment Co LLC Purchases Shares of 8,022 iShares Select Dividend ETF $DVY

Old Mission Investment Co LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 8,022 shares of the company’s stock, valued at approximately $1,254,000.

A number of other hedge funds also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position 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 purchasing an additional 6,044,290 shares during the period. Fifth Third Bancorp raised its stake in shares of iShares Select Dividend ETF by 178.6% in the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after buying an additional 413,908 shares in the last quarter. Align Financial LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth about $39,639,000. Morgan Stanley lifted its holdings in shares of iShares Select Dividend ETF by 3.6% during the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after acquiring an additional 224,125 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of iShares Select Dividend ETF by 236.4% during the 4th quarter. Corient Private Wealth LLC now owns 282,323 shares of the company’s stock valued at $39,847,000 after acquiring an additional 198,397 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.4%

NASDAQ DVY opened at $164.25 on Friday. The stock has a market cap of $23.92 billion, a P/E ratio of 13.69 and a beta of 0.66. The company’s 50-day simple moving average is $162.03 and its 200 day simple moving average is $156.41. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend and a dividend yield of 3.0%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.