Cetera Investment Advisers Buys 29,898 Shares of iShares Select Dividend ETF $DVY

Cetera Investment Advisers increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 539,922 shares of the company’s stock after purchasing an additional 29,898 shares during the quarter. Cetera Investment Advisers’ holdings in iShares Select Dividend ETF were worth $81,750,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in iShares Select Dividend ETF by 1,771.5% during the 4th 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 last quarter. Miller Howard Investments Inc. NY boosted its stake in shares of iShares Select Dividend ETF by 745.9% in the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after buying an additional 445,910 shares during the last quarter. Fifth Third Bancorp boosted its stake 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 worth $97,763,000 after buying an additional 413,908 shares during the last quarter. Align Financial LLC bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $39,639,000. Finally, Morgan Stanley grew its holdings in shares of iShares Select Dividend ETF by 3.6% in the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after acquiring an additional 224,125 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $160.88 on Friday. iShares Select Dividend ETF has a one year low of $132.83 and a one year high of $164.73. The stock has a fifty day moving average of $156.69 and a 200 day moving average of $153.44. The stock has a market cap of $23.65 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This represents a $4.99 dividend on an annualized basis 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.