Peregrine Asset Advisers Inc. Buys 688 Shares of iShares Select Dividend ETF $DVY

Peregrine Asset Advisers Inc. raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,711 shares of the company’s stock after acquiring an additional 688 shares during the period. Peregrine Asset Advisers Inc.’s holdings in iShares Select Dividend ETF were worth $2,219,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of DVY. Financial Gravity Asset Management Inc. bought a new stake in iShares Select Dividend ETF in the first quarter valued at $30,000. IMA Advisory Services Inc. bought a new stake in iShares Select Dividend ETF in the first quarter valued at $34,000. Cypress Capital Management LLC WY bought a new stake in iShares Select Dividend ETF in the first quarter valued at $35,000. Creative Capital Management Investments LLC grew its position in iShares Select Dividend ETF by 82.1% in the second quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock valued at $61,000 after acquiring an additional 207 shares during the period. Finally, N.E.W. Advisory Services LLC bought a new stake in iShares Select Dividend ETF in the first quarter valued at $64,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $139.17 on Monday. The stock has a market capitalization of $20.38 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The business’s fifty day moving average price is $141.13 and its two-hundred day moving average price is $135.87. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09.

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 issued a dividend of $1.2465 per share. The ex-dividend date was Tuesday, September 16th. This is a boost 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%.

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.