First Fiduciary Investment Counsel Inc. Purchases New Holdings in iShares Select Dividend ETF $DVY

First Fiduciary Investment Counsel Inc. purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,872 shares of the company’s stock, valued at approximately $381,000.

A number of other large investors also recently bought and sold shares of the business. Financial Gravity Asset Management Inc. purchased a new position in iShares Select Dividend ETF in the first quarter worth about $30,000. IMA Advisory Services Inc. purchased a new position in iShares Select Dividend ETF in the first quarter worth about $34,000. Cypress Capital Management LLC WY purchased a new position in iShares Select Dividend ETF in the first quarter worth about $35,000. First Pacific Financial purchased a new position in iShares Select Dividend ETF in the first quarter worth about $40,000. Finally, IAG Wealth Partners LLC purchased a new position in iShares Select Dividend ETF in the first quarter worth about $54,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $138.16 on Friday. The stock has a market capitalization of $20.32 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The company has a 50-day simple moving average of $140.19 and a two-hundred day simple moving average of $134.26.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a $1.2465 dividend. This represents a $4.99 annualized dividend and a yield of 3.6%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend was Tuesday, September 16th.

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.