Kanawha Capital Management LLC Has $1.02 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Kanawha Capital Management LLC grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 39.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 7,594 shares of the company’s stock after acquiring an additional 2,145 shares during the period. Kanawha Capital Management LLC’s holdings in iShares Select Dividend ETF were worth $1,020,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC raised its position in iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of iShares Select Dividend ETF by 5.4% in the 4th quarter. QRG Capital Management Inc. now owns 8,441 shares of the company’s stock valued at $1,108,000 after purchasing an additional 430 shares during the period. Modera Wealth Management LLC grew its stake in shares of iShares Select Dividend ETF by 18.1% in the 4th quarter. Modera Wealth Management LLC now owns 8,151 shares of the company’s stock valued at $1,070,000 after purchasing an additional 1,248 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of iShares Select Dividend ETF by 44.4% in the 4th quarter. Jones Financial Companies Lllp now owns 12,649 shares of the company’s stock worth $1,661,000 after buying an additional 3,889 shares in the last quarter. Finally, Mission Wealth Management LP lifted its position in shares of iShares Select Dividend ETF by 4.1% during the 4th quarter. Mission Wealth Management LP now owns 23,910 shares of the company’s stock worth $3,139,000 after buying an additional 931 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $135.36 on Wednesday. The stock’s fifty day simple moving average is $130.79 and its 200 day simple moving average is $131.63. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09. The firm has a market cap of $20.02 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were issued a dividend of $1.2333 per share. The ex-dividend date 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 3.64%.

iShares Select Dividend ETF Company 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.