MV Capital Management Inc. Invests $4.70 Million in iShares Select Dividend ETF $DVY

MV Capital Management Inc. acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,307 shares of the company’s stock, valued at approximately $4,701,000.

Other large investors have also modified their holdings of the company. Archer Investment Corp increased its holdings in iShares Select Dividend ETF by 0.9% in the 4th quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock valued at $1,106,000 after buying an additional 69 shares during the period. Kingsview Wealth Management LLC raised its stake in shares of iShares Select Dividend ETF by 1.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock valued at $630,000 after buying an additional 69 shares in the last quarter. Romano Brothers AND Company raised its stake in shares of iShares Select Dividend ETF by 0.7% in the 4th quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock valued at $1,415,000 after buying an additional 70 shares in the last quarter. Compound Planning Inc. lifted its holdings in shares of iShares Select Dividend ETF by 2.7% during the 3rd quarter. Compound Planning Inc. now owns 2,785 shares of the company’s stock worth $396,000 after acquiring an additional 74 shares during the period. Finally, Journey Advisory Group LLC lifted its holdings in shares of iShares Select Dividend ETF by 0.8% during the 4th quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock worth $1,368,000 after acquiring an additional 75 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $153.30 on Friday. The firm has a market cap of $22.55 billion, a P/E ratio of 13.69 and a beta of 0.66. The firm’s 50-day simple moving average is $153.80 and its 200-day simple moving average is $150.56. iShares Select Dividend ETF has a twelve month low of $129.94 and a twelve month high of $160.38.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. This is a positive change 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 3.3%. The ex-dividend date was Monday, June 15th.

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.