Asset Management Group Inc. Boosts Stake in iShares Select Dividend ETF $DVY

Asset Management Group Inc. raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 0.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,166 shares of the company’s stock after buying an additional 100 shares during the period. Asset Management Group Inc.’s holdings in iShares Select Dividend ETF were worth $2,037,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in shares of iShares Select Dividend ETF by 5.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 200,247 shares of the company’s stock valued at $26,891,000 after acquiring an additional 9,632 shares during the period. Bessemer Group Inc. grew its position in shares of iShares Select Dividend ETF by 350.4% during the 1st quarter. Bessemer Group Inc. now owns 12,899 shares of the company’s stock valued at $1,733,000 after acquiring an additional 10,035 shares during the period. GAMMA Investing LLC grew its position in shares of iShares Select Dividend ETF by 549.1% during the 1st quarter. GAMMA Investing LLC now owns 1,506 shares of the company’s stock valued at $202,000 after acquiring an additional 1,274 shares during the period. Millstone Evans Group LLC grew its position in shares of iShares Select Dividend ETF by 89.4% during the 1st quarter. Millstone Evans Group LLC now owns 517 shares of the company’s stock valued at $69,000 after acquiring an additional 244 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in shares of iShares Select Dividend ETF by 8.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 7,738 shares of the company’s stock valued at $1,039,000 after acquiring an additional 628 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.9%

iShares Select Dividend ETF stock opened at $139.07 on Wednesday. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09. The firm has a 50 day moving average price of $134.97 and a 200-day moving average price of $132.55. The company has a market capitalization of $20.39 billion, a P/E ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were given a dividend of $1.2333 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.93 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase 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.