iShares Select Dividend ETF $DVY Shares Bought by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC grew its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 2,392 shares of the company’s stock after purchasing an additional 188 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares Select Dividend ETF were worth $318,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of iShares Select Dividend ETF by 6.7% during the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock worth $415,433,000 after purchasing an additional 194,941 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares Select Dividend ETF by 1.1% during the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock worth $216,637,000 after purchasing an additional 16,803 shares during the last quarter. Kingstone Capital Partners Texas LLC acquired a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth about $178,925,000. Raymond James Financial Inc. boosted its position in shares of iShares Select Dividend ETF by 2.1% in the first quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock worth $163,204,000 after acquiring an additional 24,643 shares during the last quarter. Finally, Truist Financial Corp boosted its position in shares of iShares Select Dividend ETF by 1.4% in the second quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock worth $154,820,000 after acquiring an additional 15,783 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

DVY opened at $141.25 on Thursday. The company’s 50 day simple moving average is $140.89 and its 200 day simple moving average is $134.75. 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 $20.71 billion, a PE ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were given a $1.2465 dividend. 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 3.5%. 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.