HB Wealth Management LLC Grows Stock Holdings in iShares Select Dividend ETF $DVY

HB Wealth Management LLC grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 47.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 199,537 shares of the company’s stock after acquiring an additional 64,400 shares during the period. HB Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $31,188,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Caitlin John LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter worth about $25,000. Miller Capital Partners Inc. purchased a new stake in iShares Select Dividend ETF during the fourth quarter valued at approximately $30,000. Main Street Group LTD purchased a new stake in iShares Select Dividend ETF during the first quarter valued at approximately $33,000. Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $34,000. Finally, Jessup Wealth Management Inc bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $38,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $164.25 on Friday. The stock has a market cap of $23.92 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The stock has a 50 day moving average price of $162.03 and a 200-day moving average price of $156.41. iShares Select Dividend ETF has a one year low of $137.16 and a one year high of $167.06.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a $1.2472 dividend. This is a boost 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 3.0%. The ex-dividend date was Monday, June 15th.

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.