JB Capital LLC Takes Position in iShares Select Dividend ETF $DVY

JB Capital LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 2,180 shares of the company’s stock, valued at approximately $290,000.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its position in iShares Select Dividend ETF by 14.3% during the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after buying an additional 1,524 shares during the period. GAMMA Investing LLC raised its holdings in shares of iShares Select Dividend ETF by 549.1% during the first quarter. GAMMA Investing LLC now owns 1,506 shares of the company’s stock valued at $202,000 after acquiring an additional 1,274 shares in the last quarter. Rockland Trust Co. raised its holdings in shares of iShares Select Dividend ETF by 17.7% during the first quarter. Rockland Trust Co. now owns 2,706 shares of the company’s stock valued at $363,000 after acquiring an additional 406 shares in the last quarter. Legacy Trust lifted its stake in iShares Select Dividend ETF by 5.5% in the first quarter. Legacy Trust now owns 7,835 shares of the company’s stock worth $1,052,000 after acquiring an additional 406 shares during the period. Finally, Stock Yards Bank & Trust Co. boosted its stake in shares of iShares Select Dividend ETF by 16.3% during the 1st quarter. Stock Yards Bank & Trust Co. now owns 11,002 shares of the company’s stock valued at $1,477,000 after purchasing an additional 1,543 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

DVY stock opened at $138.16 on Friday. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09. The firm has a 50-day moving average of $140.19 and a 200 day moving average of $134.26. The company has a market cap of $20.32 billion, a P/E ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a $1.2465 dividend. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.6%. This is a boost 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.