IFG Advisory LLC Has $5.70 Million Stock Holdings in iShares Select Dividend ETF $DVY

IFG Advisory LLC raised its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 15.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,919 shares of the company’s stock after purchasing an additional 5,666 shares during the period. IFG Advisory LLC’s holdings in iShares Select Dividend ETF were worth $5,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. grew its holdings in iShares Select Dividend ETF by 2.9% during the second quarter. Pinnacle Associates Ltd. now owns 32,218 shares of the company’s stock valued at $4,279,000 after purchasing an additional 921 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in iShares Select Dividend ETF by 1.0% during the second quarter. Mesirow Financial Investment Management Inc. now owns 9,629 shares of the company’s stock valued at $1,279,000 after purchasing an additional 98 shares during the last quarter. BLB&B Advisors LLC grew its holdings in iShares Select Dividend ETF by 7.9% during the second quarter. BLB&B Advisors LLC now owns 2,770 shares of the company’s stock valued at $368,000 after purchasing an additional 202 shares during the last quarter. Simon Quick Advisors LLC grew its holdings in iShares Select Dividend ETF by 1.3% during the second quarter. Simon Quick Advisors LLC now owns 24,075 shares of the company’s stock valued at $3,197,000 after purchasing an additional 306 shares during the last quarter. Finally, Carret Asset Management LLC grew its holdings in iShares Select Dividend ETF by 1.5% during the second quarter. Carret Asset Management LLC now owns 49,157 shares of the company’s stock valued at $6,529,000 after purchasing an additional 739 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.7%

DVY opened at $139.46 on Friday. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The stock has a market capitalization of $20.42 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The business has a 50 day moving average of $141.19 and a 200-day moving average of $135.64.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a $1.2465 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 16th.

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.