TPG Financial Advisors LLC Invests $281,000 in iShares Select Dividend ETF $DVY

TPG Financial Advisors LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,115 shares of the company’s stock, valued at approximately $281,000.

Several other large investors also recently made changes to their positions in the business. Financial Gravity Asset Management Inc. acquired a new stake in iShares Select Dividend ETF in the first quarter worth about $30,000. IMA Advisory Services Inc. acquired a new stake in iShares Select Dividend ETF in the first quarter worth about $34,000. Cypress Capital Management LLC WY acquired a new stake in iShares Select Dividend ETF in the first quarter worth about $35,000. First Pacific Financial acquired a new stake in iShares Select Dividend ETF in the first quarter worth about $40,000. Finally, IAG Wealth Partners LLC acquired a new stake in iShares Select Dividend ETF in the first quarter worth about $54,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.3%

NASDAQ:DVY opened at $142.40 on Wednesday. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09. The stock’s 50 day moving average price is $139.87 and its two-hundred day moving average price is $134.13.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. 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%.

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.