TD Waterhouse Canada Inc. Buys 4,302 Shares of iShares Select Dividend ETF $DVY

TD Waterhouse Canada Inc. increased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 29.2% in the second quarter, HoldingsChannel reports. The firm owned 19,056 shares of the company’s stock after purchasing an additional 4,302 shares during the period. TD Waterhouse Canada Inc.’s holdings in iShares Select Dividend ETF were worth $2,992,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DVY. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Select Dividend ETF by 1,771.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after acquiring an additional 6,044,290 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of iShares Select Dividend ETF by 178.6% during the first quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock worth $97,763,000 after purchasing an additional 413,908 shares during the last quarter. Align Financial LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at $39,639,000. Morgan Stanley lifted its position 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 in the last quarter. Finally, Corient Private Wealth LLC lifted its position in iShares Select Dividend ETF by 236.4% during the 4th quarter. Corient Private Wealth LLC now owns 282,323 shares of the company’s stock worth $39,847,000 after buying an additional 198,397 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $164.25 on Tuesday. iShares Select Dividend ETF has a 1-year low of $137.16 and a 1-year high of $167.06. The company has a market cap of $23.92 billion, a PE ratio of 13.69 and a beta of 0.66. The company has a 50-day moving average of $162.15 and a two-hundred day moving average of $156.45.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $1.2472 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, June 15th.

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