LPL Financial LLC Acquires 65,691 Shares of iShares Select Dividend ETF $DVY

LPL Financial LLC lifted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 3.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,789,466 shares of the company’s stock after purchasing an additional 65,691 shares during the period. LPL Financial LLC owned about 1.23% of iShares Select Dividend ETF worth $252,565,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DVY. Brighton Jones LLC raised its stake in iShares Select Dividend ETF by 14.3% during the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after acquiring an additional 1,524 shares during the period. AQR Capital Management LLC raised its stake in iShares Select Dividend ETF by 44.7% during the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after acquiring an additional 3,918 shares during the period. Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF during the 2nd quarter worth approximately $34,000. NewEdge Advisors LLC raised its stake in iShares Select Dividend ETF by 0.4% during the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after acquiring an additional 326 shares during the period. Finally, Quantinno Capital Management LP raised its stake in iShares Select Dividend ETF by 52.8% during the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after acquiring an additional 8,479 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.8%

NASDAQ DVY opened at $155.58 on Wednesday. iShares Select Dividend ETF has a 12 month low of $129.36 and a 12 month high of $160.38. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The company’s 50 day moving average is $153.16 and its two-hundred day moving average is $149.84.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a dividend of $1.1493 per share. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%.

About iShares Select Dividend ETF

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.