iShares Select Dividend ETF $DVY Stock: Partners Wealth Management LLC Increases Position

Partners Wealth Management LLC raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 640.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 10,278 shares of the company’s stock after acquiring an additional 8,889 shares during the period. Partners Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $1,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BIP Wealth LLC lifted its holdings in iShares Select Dividend ETF by 105.7% in the second quarter. BIP Wealth LLC now owns 8,735 shares of the company’s stock valued at $1,365,000 after acquiring an additional 4,488 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares Select Dividend ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock worth $246,334,000 after purchasing an additional 88,825 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of iShares Select Dividend ETF during the 1st quarter worth $1,406,000. Private Advisor Group LLC grew its stake in shares of iShares Select Dividend ETF by 11.8% during the 1st quarter. Private Advisor Group LLC now owns 213,855 shares of the company’s stock worth $32,380,000 after purchasing an additional 22,564 shares during the period. Finally, Wedbush Securities Inc. increased its holdings in shares of iShares Select Dividend ETF by 57.3% in the 2nd quarter. Wedbush Securities Inc. now owns 23,112 shares of the company’s stock valued at $3,612,000 after purchasing an additional 8,417 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.6%

Shares of DVY opened at $162.23 on Friday. iShares Select Dividend ETF has a 52-week low of $137.16 and a 52-week high of $167.06. The company has a 50-day simple moving average of $159.17 and a 200-day simple moving average of $156.01. The company has a market capitalization of $23.64 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a dividend of $1.3291 per share. The ex-dividend date was Tuesday, September 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. This represents a $5.32 annualized dividend and a yield of 3.3%.

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.