Kestra Advisory Services LLC grew its stake in iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 160,192 shares of the company’s stock after purchasing an additional 14,585 shares during the quarter. Kestra Advisory Services LLC’s holdings in iShares Select Dividend ETF were worth $24,360,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Team Financial Group LLC acquired a new stake in shares of iShares Select Dividend ETF during the third quarter worth $27,000. Main Street Group LTD acquired a new position in iShares Select Dividend ETF in the first quarter valued at about $33,000. Horizons Wealth Management acquired a new position in iShares Select Dividend ETF in the third quarter valued at about $55,000. GKV Capital Management Co. Inc. acquired a new position in iShares Select Dividend ETF in the first quarter valued at about $61,000. Finally, Compass Wealth Management LLC acquired a new position in iShares Select Dividend ETF in the third quarter valued at about $63,000. 46.08% of the stock is currently owned by institutional investors.
iShares Select Dividend ETF Trading Down 0.7%
Shares of DVY opened at $160.06 on Friday. iShares Select Dividend ETF has a 1 year low of $137.23 and a 1 year high of $167.06. The stock has a market cap of $23.32 billion, a P/E ratio of 13.69 and a beta of 0.66. The stock’s 50-day moving average price is $158.91 and its two-hundred day moving average price is $156.48.
iShares Select Dividend ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Tuesday, September 15th were given a $1.3291 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.3%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472.
iShares Select Dividend ETF Company 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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