iShares Select Dividend ETF $DVY Shares Purchased by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. lifted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 272.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 266,000 shares of the company’s stock after acquiring an additional 194,533 shares during the period. iShares Select Dividend ETF makes up 6.7% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 2nd biggest holding. Sterling Investment Advisors Ltd.’s holdings in iShares Select Dividend ETF were worth $40,275,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DVY. 1ST Source Bank bought a new stake in iShares Select Dividend ETF during the 1st quarter worth approximately $272,000. Calamos Advisors LLC purchased a new stake in shares of iShares Select Dividend ETF in the first quarter worth approximately $384,000. AMG National Trust Bank lifted its holdings in shares of iShares Select Dividend ETF by 2.9% in the first quarter. AMG National Trust Bank now owns 313,946 shares of the company’s stock valued at $47,535,000 after purchasing an additional 8,806 shares in the last quarter. Retirement Planning Group LLC boosted its position in shares of iShares Select Dividend ETF by 12.4% during the first quarter. Retirement Planning Group LLC now owns 6,153 shares of the company’s stock valued at $932,000 after buying an additional 678 shares during the last quarter. Finally, Chicago Partners Investment Group LLC boosted its position in shares of iShares Select Dividend ETF by 9.9% during the first quarter. Chicago Partners Investment Group LLC now owns 21,996 shares of the company’s stock valued at $3,340,000 after buying an additional 1,976 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.6%

NASDAQ DVY opened at $159.48 on Wednesday. The business has a fifty day simple moving average of $155.48 and a 200 day simple moving average of $152.50. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $161.49. The firm has a market capitalization of $23.40 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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