Berkshire Money Management Inc. Buys New Shares in iShares Select Dividend ETF $DVY

Berkshire Money Management Inc. acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 566 shares of the company’s stock, valued at approximately $75,000.

Other hedge funds also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. bought a new stake in iShares Select Dividend ETF during the 1st quarter valued at approximately $30,000. IMA Advisory Services Inc. purchased a new stake in iShares Select Dividend ETF during the 1st quarter valued at approximately $34,000. Cypress Capital Management LLC WY purchased a new stake in iShares Select Dividend ETF during the 1st 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 position in shares of iShares Select Dividend ETF in the first quarter worth $54,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $143.11 on Monday. The company has a market cap of $21.04 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. The firm’s fifty day moving average is $139.64 and its two-hundred day moving average is $134.00.

iShares Select Dividend ETF Increases Dividend

The business also recently announced 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. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.99 annualized dividend and a dividend yield of 3.5%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.