3,644 Shares in iShares Select Dividend ETF $DVY Purchased by Diversify Wealth Management LLC

Diversify Wealth Management LLC purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,644 shares of the company’s stock, valued at approximately $558,000.

Other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its stake in iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after acquiring an additional 6,044,290 shares during the last quarter. Miller Howard Investments Inc. NY lifted its position in shares of iShares Select Dividend ETF by 745.9% in the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after buying an additional 445,910 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of iShares Select Dividend ETF by 178.6% in the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after buying an additional 413,908 shares during the period. Align Financial LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $39,639,000. Finally, Morgan Stanley raised its position in shares of iShares Select Dividend ETF by 3.6% during the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after purchasing an additional 224,125 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.4%

DVY stock opened at $161.83 on Friday. The company has a 50-day simple moving average of $155.98 and a 200 day simple moving average of $152.82. The company has a market capitalization of $23.75 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a fifty-two week low of $132.83 and a fifty-two week high of $164.73.

iShares Select Dividend ETF Increases Dividend

The firm 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. This represents a $4.99 dividend on an annualized basis and a yield of 3.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. 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.