Kwmg LLC Grows Holdings in iShares Select Dividend ETF $DVY

Kwmg LLC increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 4.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 120,457 shares of the company’s stock after acquiring an additional 5,508 shares during the quarter. iShares Select Dividend ETF accounts for 1.3% of Kwmg LLC’s holdings, making the stock its 23rd largest position. Kwmg LLC’s holdings in iShares Select Dividend ETF were worth $18,318,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DVY. LPL Financial LLC grew its holdings in iShares Select Dividend ETF by 3.8% during the 4th quarter. LPL Financial LLC now owns 1,789,466 shares of the company’s stock worth $252,565,000 after acquiring an additional 65,691 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares Select Dividend ETF by 6.0% during the second quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock valued at $246,334,000 after acquiring an additional 88,825 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of iShares Select Dividend ETF by 0.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 693,902 shares of the company’s stock worth $97,937,000 after purchasing an additional 3,552 shares during the period. Fifth Third Bancorp lifted its holdings in shares of iShares Select Dividend ETF by 2.1% during the second quarter. Fifth Third Bancorp now owns 658,941 shares of the company’s stock worth $102,992,000 after purchasing an additional 13,257 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of iShares Select Dividend ETF by 5.9% in the first quarter. Cetera Investment Advisers now owns 539,922 shares of the company’s stock worth $81,750,000 after purchasing an additional 29,898 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY traded down $0.46 on Wednesday, reaching $153.46. The company had a trading volume of 120,557 shares, compared to its average volume of 438,837. The firm has a market cap of $22.37 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a fifty-two week low of $137.16 and a fifty-two week high of $167.06. The business has a 50 day moving average of $160.80 and a two-hundred day moving average of $156.95.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a $1.3291 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. The ex-dividend date was Tuesday, September 15th. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.5%.

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.