iShares Select Dividend ETF $DVY Shares Purchased by Taylor Financial Group Inc.

Taylor Financial Group Inc. lifted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 12.7% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 26,421 shares of the company’s stock after acquiring an additional 2,981 shares during the quarter. iShares Select Dividend ETF comprises about 2.2% of Taylor Financial Group Inc.’s portfolio, making the stock its 9th biggest holding. Taylor Financial Group Inc.’s holdings in iShares Select Dividend ETF were worth $3,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DVY. Kingstone Capital Partners Texas LLC purchased a new position in iShares Select Dividend ETF in the second quarter valued at $178,925,000. Northern Trust Corp grew its position in shares of 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 acquiring an additional 194,941 shares during the period. OMERS ADMINISTRATION Corp purchased a new position in iShares Select Dividend ETF during the first quarter worth approximately $24,669,000. Yukon Wealth Management Inc. purchased a new position in iShares Select Dividend ETF during the first quarter worth approximately $21,391,000. Finally, Goldman Sachs Group Inc. boosted its position in iShares Select Dividend ETF by 12.8% during the first quarter. Goldman Sachs Group Inc. now owns 678,028 shares of the company’s stock worth $91,052,000 after purchasing an additional 76,855 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.1%

Shares of DVY stock opened at $142.47 on Tuesday. The company has a market capitalization of $20.88 billion, a P/E ratio of 13.69 and a beta of 0.77. The business’s 50 day moving average is $141.12 and its two-hundred day moving average is $135.36. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Tuesday, September 16th were issued a $1.2465 dividend. This represents a $4.99 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. This is a boost 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.