Madrona Financial Services LLC Raises Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Madrona Financial Services LLC lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,940 shares of the company’s stock after buying an additional 98 shares during the quarter. Madrona Financial Services LLC’s holdings in iShares Select Dividend ETF were worth $529,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares Select Dividend ETF by 5.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 200,247 shares of the company’s stock worth $26,891,000 after buying an additional 9,632 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock worth $37,869,000 after buying an additional 246,540 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in shares of iShares Select Dividend ETF by 9.0% in the first quarter. Dynamic Advisor Solutions LLC now owns 2,421 shares of the company’s stock worth $325,000 after buying an additional 200 shares during the last quarter. LPL Financial LLC boosted its position in iShares Select Dividend ETF by 8.9% during the fourth quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock worth $209,591,000 after purchasing an additional 130,573 shares in the last quarter. Finally, Accredited Investors Inc. grew its holdings in iShares Select Dividend ETF by 37.3% in the fourth quarter. Accredited Investors Inc. now owns 3,141 shares of the company’s stock valued at $412,000 after purchasing an additional 853 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $130.68 on Thursday. The stock has a market capitalization of $19.33 billion, a PE ratio of 15.12 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09. The business has a 50 day simple moving average of $130.18 and a 200-day simple moving average of $131.80.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were given a $1.2333 dividend. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. This represents a $4.93 dividend on an annualized basis and a dividend yield of 3.77%.

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.