FSA Wealth Partners Inc. Purchases New Position in iShares Select Dividend ETF $DVY

FSA Wealth Partners Inc. acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,567 shares of the company’s stock, valued at approximately $847,000.

Several other institutional investors have also added to or reduced their stakes in DVY. Envestnet Asset Management Inc. lifted its holdings in shares of iShares Select Dividend ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock valued at $246,334,000 after purchasing an additional 88,825 shares in the last quarter. Fifth Third Bancorp raised its position in iShares Select Dividend ETF by 2.1% in the 2nd quarter. Fifth Third Bancorp now owns 658,941 shares of the company’s stock worth $102,992,000 after buying an additional 13,257 shares during the last quarter. Cetera Investment Advisers raised its position in iShares Select Dividend ETF by 5.9% in the 1st quarter. Cetera Investment Advisers now owns 539,922 shares of the company’s stock worth $81,750,000 after buying an additional 29,898 shares during the last quarter. AMG National Trust Bank raised its position in iShares Select Dividend ETF by 2.9% in the 1st quarter. AMG National Trust Bank now owns 313,946 shares of the company’s stock worth $47,535,000 after buying an additional 8,806 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. lifted its stake in iShares Select Dividend ETF by 14.8% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 305,312 shares of the company’s stock valued at $47,720,000 after acquiring an additional 39,312 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

DVY opened at $161.22 on Tuesday. The company’s 50-day simple moving average is $159.51 and its two-hundred day simple moving average is $155.68. The stock has a market capitalization of $23.51 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 52-week low of $137.16 and a 52-week high of $167.06.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were issued a dividend of $1.3291 per share. The ex-dividend date of this dividend was Tuesday, September 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. This represents a $5.32 annualized dividend and a dividend yield of 3.3%.

About iShares Select Dividend ETF

(Free Report)

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.

Further Reading

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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