Victrix Investment Advisors Raises Stake in iShares Select Dividend ETF $DVY

Victrix Investment Advisors lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 9.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,210 shares of the company’s stock after purchasing an additional 190 shares during the period. Victrix Investment Advisors’ holdings in iShares Select Dividend ETF were worth $294,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in DVY. Financial Gravity Asset Management Inc. purchased a new stake in iShares Select Dividend ETF in the 1st quarter valued at about $30,000. IMA Advisory Services Inc. purchased a new position in shares of iShares Select Dividend ETF during the first quarter worth approximately $34,000. Cypress Capital Management LLC WY bought a new stake in shares of iShares Select Dividend ETF during the first quarter valued at approximately $35,000. First Pacific Financial bought a new stake in shares of iShares Select Dividend ETF during the first quarter valued at approximately $40,000. Finally, IAG Wealth Partners LLC purchased a new stake in shares of iShares Select Dividend ETF in the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.5%

Shares of NASDAQ:DVY opened at $142.10 on Wednesday. The business’s 50 day moving average is $139.37 and its 200 day moving average is $133.82. The stock has a market cap of $20.83 billion, a P/E ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.