iShares Select Dividend ETF (NASDAQ:DVY) Shares Purchased by MSH Capital Advisors LLC

MSH Capital Advisors LLC increased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 4.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 12,839 shares of the company’s stock after buying an additional 589 shares during the period. MSH Capital Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,724,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DVY. Financial Gravity Asset Management Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 1st quarter worth about $30,000. IMA Advisory Services Inc. bought a new stake in iShares Select Dividend ETF during the first quarter worth about $34,000. Cypress Capital Management LLC WY acquired a new position in iShares Select Dividend ETF during the first quarter worth about $35,000. Mpwm Advisory Solutions LLC acquired a new stake in iShares Select Dividend ETF during the 4th quarter valued at approximately $40,000. Finally, First Pacific Financial bought a new position in shares of iShares Select Dividend ETF during the 1st quarter worth approximately $40,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Up 1.1%

NASDAQ DVY opened at $137.34 on Wednesday. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09. The firm has a market capitalization of $20.13 billion, a P/E ratio of 13.69 and a beta of 0.87. The business has a fifty day simple moving average of $134.24 and a 200 day simple moving average of $132.43.

iShares Select Dividend ETF Increases Dividend

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

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.