Kwmg LLC Increases Stock Position in iShares Select Dividend ETF $DVY

Kwmg LLC raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 114,949 shares of the company’s stock after purchasing an additional 5,779 shares during the period. iShares Select Dividend ETF comprises 1.3% of Kwmg LLC’s portfolio, making the stock its 25th largest holding. Kwmg LLC’s holdings in iShares Select Dividend ETF were worth $17,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC grew 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 buying an additional 1,524 shares during the last quarter. AQR Capital Management LLC lifted its stake in iShares Select Dividend ETF by 44.7% in the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF in the second quarter valued at approximately $34,000. NewEdge Advisors LLC boosted its holdings in shares of iShares Select Dividend ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after acquiring an additional 326 shares during the period. Finally, Quantinno Capital Management LP boosted its holdings in shares of iShares Select Dividend ETF by 52.8% in the second quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock valued at $3,260,000 after acquiring an additional 8,479 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.5%

Shares of DVY opened at $161.94 on Friday. The company’s 50 day simple moving average is $158.54 and its 200-day simple moving average is $154.70. The firm has a market cap of $23.59 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12-month low of $135.45 and a 12-month high of $166.79.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This represents a $4.99 dividend on an annualized basis and a yield of 3.1%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

iShares Select Dividend ETF 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.