iShares Select Dividend ETF (NASDAQ:DVY) Shares Bought by Madrona Financial Services LLC

Madrona Financial Services LLC boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,940 shares of the company’s stock after buying an additional 98 shares during the period. Madrona Financial Services LLC’s holdings in iShares Select Dividend ETF were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Transamerica Financial Advisors Inc. acquired a new position in iShares Select Dividend ETF during the 4th quarter valued at about $27,000. Millstone Evans Group LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at about $36,000. First Pacific Financial acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at about $40,000. Murphy & Mullick Capital Management Corp acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at about $40,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at about $40,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $130.68 on Thursday. The stock’s 50-day simple moving average is $130.18 and its 200-day simple moving average is $131.80. The firm has a market capitalization of $19.33 billion, a PE ratio of 15.12 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were issued a $1.2333 dividend. The ex-dividend date was Monday, June 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. This represents a $4.93 dividend on an annualized basis and a dividend yield of 3.77%.

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.