4,728 Shares in iShares Select Dividend ETF $DVY Purchased by Maridea Wealth Management LLC

Maridea Wealth Management LLC bought a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 4,728 shares of the company’s stock, valued at approximately $739,000.

A number of other hedge funds have also added to or reduced their stakes in DVY. Caitlin John LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $25,000. Elevated Capital Advisors LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $26,000. Miller Capital Partners Inc. purchased a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $30,000. Main Street Group LTD bought a new stake in iShares Select Dividend ETF during the 1st quarter worth approximately $33,000. Finally, Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF during the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $165.50 on Friday. The company’s 50 day simple moving average is $159.47 and its two-hundred day simple moving average is $155.25. iShares Select Dividend ETF has a 1 year low of $137.16 and a 1 year high of $166.79. The stock has a market capitalization of $24.11 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a $1.2472 dividend. The ex-dividend date of this dividend was Monday, June 15th. 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 3.0%.

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.