Scarborough Advisors LLC Makes New Investment in iShares Select Dividend ETF $DVY

Scarborough Advisors LLC bought a new position in iShares Select Dividend ETF (NASDAQ:DVY – Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 30,607 shares of the company’s stock, valued at approximately $4,634,000.

A number of other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC boosted its holdings in iShares Select Dividend ETF by 3.2% in the first quarter. Parallel Advisors LLC now owns 18,253 shares of the company’s stock worth $2,764,000 after purchasing an additional 568 shares during the period. Spartan Wealth Advisory Services LLC acquired a new stake in shares of iShares Select Dividend ETF during the first quarter worth $528,000. Townsend Asset Management Corp NC ADV raised its holdings in shares of iShares Select Dividend ETF by 2.2% during the first quarter. Townsend Asset Management Corp NC ADV now owns 29,557 shares of the company’s stock worth $4,475,000 after purchasing an additional 641 shares during the period. Advisortrust Partners LLC bought a new position in shares of iShares Select Dividend ETF in the 1st quarter worth about $171,000. Finally, Gould Asset Management LLC CA lifted its position in shares of iShares Select Dividend ETF by 6.0% in the 1st quarter. Gould Asset Management LLC CA now owns 7,908 shares of the company’s stock worth $1,197,000 after buying an additional 450 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.

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iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $161.83 on Monday. iShares Select Dividend ETF has a one year low of $132.83 and a one year high of $164.73. The company has a 50-day simple moving average of $155.98 and a 200-day simple moving average of $152.90. The firm has a market capitalization of $23.78 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a yield of 3.1%.

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.

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