Linscomb Wealth Inc. Has $9.52 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Linscomb Wealth Inc. reduced its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.9% in the first quarter, HoldingsChannel.com reports. The fund owned 70,895 shares of the company’s stock after selling 1,359 shares during the quarter. Linscomb Wealth Inc.’s holdings in iShares Select Dividend ETF were worth $9,521,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of iShares Select Dividend ETF by 4.5% in the 4th quarter. Royal Bank of Canada now owns 2,346,687 shares of the company’s stock valued at $308,096,000 after buying an additional 100,103 shares during the period. LPL Financial LLC grew its stake in shares of iShares Select Dividend ETF by 1.1% in the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after buying an additional 16,803 shares during the period. Northside Capital Management LLC grew its stake in shares of iShares Select Dividend ETF by 0.5% in the 1st quarter. Northside Capital Management LLC now owns 684,891 shares of the company’s stock valued at $91,974,000 after buying an additional 3,411 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of iShares Select Dividend ETF by 2.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 664,202 shares of the company’s stock valued at $89,196,000 after buying an additional 17,558 shares during the period. Finally, Comerica Bank grew its stake in shares of iShares Select Dividend ETF by 1.9% in the 4th quarter. Comerica Bank now owns 493,235 shares of the company’s stock valued at $64,757,000 after buying an additional 9,181 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $136.10 on Monday. The stock has a 50-day moving average of $134.03 and a 200-day moving average of $132.40. The company has a market cap of $19.95 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were paid a $1.2333 dividend. The ex-dividend date was Monday, June 16th. This represents a $4.93 annualized dividend and a dividend yield of 3.6%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.93.

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.