Joseph P. Lucia & Associates LLC Has $5.69 Million Position in iShares Select Dividend ETF $DVY

Joseph P. Lucia & Associates LLC boosted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 15.8% during the second quarter, HoldingsChannel.com reports. The fund owned 36,386 shares of the company’s stock after purchasing an additional 4,961 shares during the period. iShares Select Dividend ETF accounts for 1.7% of Joseph P. Lucia & Associates LLC’s portfolio, making the stock its 18th largest holding. Joseph P. Lucia & Associates LLC’s holdings in iShares Select Dividend ETF were worth $5,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Sage Capital Advisors llc lifted its stake in iShares Select Dividend ETF by 2.2% during the second quarter. Sage Capital Advisors llc now owns 2,993 shares of the company’s stock worth $468,000 after purchasing an additional 64 shares during the period. Archer Investment Corp grew its stake in shares of iShares Select Dividend ETF by 0.9% in the 4th quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock valued at $1,106,000 after purchasing an additional 69 shares during the period. Kingsview Wealth Management LLC raised its holdings in shares of iShares Select Dividend ETF by 1.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock worth $630,000 after buying an additional 69 shares in the last quarter. Harbor Asset Planning Inc. raised its holdings in shares of iShares Select Dividend ETF by 3.4% in the 1st quarter. Harbor Asset Planning Inc. now owns 2,202 shares of the company’s stock worth $333,000 after buying an additional 72 shares in the last quarter. Finally, Journey Advisory Group LLC raised its holdings in shares of iShares Select Dividend ETF by 0.8% in the 4th quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock worth $1,368,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $164.28 on Tuesday. The company has a market capitalization of $23.93 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a one year low of $137.16 and a one year high of $166.79. The business has a 50 day simple moving average of $159.67 and a 200 day simple moving average of $155.40.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed 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. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a yield of 3.0%. The ex-dividend date was Monday, June 15th.

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