Jackson Grant Investment Advisers Inc. Increases Stake in iShares Select Dividend ETF $DVY

Jackson Grant Investment Advisers Inc. raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,926 shares of the company’s stock after acquiring an additional 496 shares during the quarter. iShares Select Dividend ETF makes up 2.0% of Jackson Grant Investment Advisers Inc.’s investment portfolio, making the stock its 9th largest position. Jackson Grant Investment Advisers Inc.’s holdings in iShares Select Dividend ETF were worth $5,435,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of DVY. Northern Trust Corp increased its holdings in iShares Select Dividend ETF by 6.7% during the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock valued at $415,433,000 after purchasing an additional 194,941 shares during the period. LPL Financial LLC grew its position 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 worth $216,637,000 after buying an additional 16,803 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth approximately $178,925,000. Raymond James Financial Inc. increased its stake in shares of iShares Select Dividend ETF by 2.1% during the first quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock valued at $163,204,000 after buying an additional 24,643 shares during the period. Finally, Northside Capital Management LLC raised its holdings in shares of iShares Select Dividend ETF by 0.5% during the first quarter. Northside Capital Management LLC now owns 684,891 shares of the company’s stock valued at $91,974,000 after acquiring an additional 3,411 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 1.0%

Shares of DVY stock opened at $141.36 on Monday. The firm has a market capitalization of $20.72 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. The stock has a fifty day moving average of $139.16 and a 200 day moving average of $133.70. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

About iShares Select Dividend ETF

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.