Foundations Investment Advisors LLC Raises Holdings in iShares Select Dividend ETF $DVY

Foundations Investment Advisors LLC lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 12.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 3,649 shares of the company’s stock after acquiring an additional 403 shares during the quarter. Foundations Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $485,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DVY. IMA Advisory Services Inc. purchased a new stake in iShares Select Dividend ETF in the first quarter worth about $34,000. Creative Capital Management Investments LLC raised its holdings in shares of iShares Select Dividend ETF by 82.1% in the 2nd quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock valued at $61,000 after purchasing an additional 207 shares in the last quarter. N.E.W. Advisory Services LLC purchased a new stake in shares of iShares Select Dividend ETF in the 1st quarter worth approximately $64,000. Berkshire Money Management Inc. bought a new position in shares of iShares Select Dividend ETF during the second quarter valued at approximately $75,000. Finally, Armstrong Advisory Group Inc. boosted its stake in shares of iShares Select Dividend ETF by 81.2% during the second quarter. Armstrong Advisory Group Inc. now owns 935 shares of the company’s stock valued at $124,000 after purchasing an additional 419 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.5%

Shares of NASDAQ:DVY opened at $139.57 on Wednesday. The company has a market capitalization of $20.43 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The firm has a 50 day moving average of $140.77 and a 200 day moving average of $136.94.

iShares Select Dividend ETF Increases Dividend

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

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.