Gerald Baker Financial Group LLC Invests $749,000 in iShares Select Dividend ETF $DVY

Gerald Baker Financial Group LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 4,946 shares of the company’s stock, valued at approximately $749,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after buying an additional 6,044,290 shares during the period. Miller Howard Investments Inc. NY lifted its stake in iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after purchasing an additional 445,910 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of iShares Select Dividend ETF by 178.6% in the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after buying an additional 413,908 shares during the period. Align Financial LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at approximately $39,639,000. Finally, Morgan Stanley grew its stake in iShares Select Dividend ETF by 3.6% during the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after buying an additional 224,125 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 1.8%

Shares of iShares Select Dividend ETF stock opened at $162.47 on Friday. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $162.51. The business has a fifty day simple moving average of $155.79 and a 200-day simple moving average of $152.76. The stock has a market cap of $23.84 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were issued a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend and a dividend yield of 3.1%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

iShares Select Dividend ETF 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.