Arrien Investments Inc. bought a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY – Free Report) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 3,975 shares of the company’s stock, valued at approximately $604,000. iShares Select Dividend ETF accounts for 0.3% of Arrien Investments Inc.’s holdings, making the stock its 29th largest position.
Several other hedge funds have also recently modified their holdings of DVY. Sage Capital Advisors llc grew its holdings in iShares Select Dividend ETF by 2.2% during the 2nd quarter. Sage Capital Advisors llc now owns 2,993 shares of the company’s stock valued at $468,000 after buying an additional 64 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of iShares Select Dividend ETF by 1.0% in the 3rd quarter. Aprio Wealth Management LLC now owns 7,292 shares of the company’s stock valued at $1,109,000 after acquiring an additional 72 shares during the last quarter. Cooper Financial Group raised its position in iShares Select Dividend ETF by 4.5% during the third quarter. Cooper Financial Group now owns 1,799 shares of the company’s stock valued at $274,000 after purchasing an additional 77 shares during the period. Cozad Asset Management Inc. raised its position in iShares Select Dividend ETF by 0.5% during the first quarter. Cozad Asset Management Inc. now owns 14,734 shares of the company’s stock valued at $2,231,000 after purchasing an additional 80 shares during the period. Finally, Trek Financial LLC lifted its stake in shares of iShares Select Dividend ETF by 4.2% in the 3rd quarter. Trek Financial LLC now owns 2,041 shares of the company’s stock valued at $310,000 after purchasing an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.
iShares Select Dividend ETF Stock Performance
NASDAQ DVY opened at $163.95 on Thursday. The business’s 50 day moving average price is $159.06 and its 200-day moving average price is $156.34. iShares Select Dividend ETF has a fifty-two week low of $137.23 and a fifty-two week high of $167.06. The company has a market cap of $23.90 billion, a P/E ratio of 13.69 and a beta of 0.66.
iShares Select Dividend ETF Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were issued a $1.3291 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. The ex-dividend date was Tuesday, September 15th. This represents a $5.32 annualized dividend and a dividend yield of 3.2%.
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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.
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