iShares Select Dividend ETF $DVY Shares Newly Acquired by Tilia Fiduciary Partners Inc.

Tilia Fiduciary Partners Inc. acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the third quarter, HoldingsChannel reports. The institutional investor acquired 3,504 shares of the company’s stock, valued at approximately $533,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Main Street Group LTD purchased a new position in shares of iShares Select Dividend ETF in the first quarter valued at about $33,000. MBM Wealth Consultants LLC purchased a new stake in shares of iShares Select Dividend ETF during the first quarter worth about $51,000. Horizons Wealth Management purchased a new stake in shares of iShares Select Dividend ETF during the third quarter worth about $55,000. Princeton Global Asset Management LLC raised its stake in iShares Select Dividend ETF by 452.9% during the 1st quarter. Princeton Global Asset Management LLC now owns 387 shares of the company’s stock valued at $59,000 after purchasing an additional 317 shares during the period. Finally, GKV Capital Management Co. Inc. purchased a new position in iShares Select Dividend ETF in the 1st quarter worth approximately $61,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $154.36 on Friday. The firm has a market cap of $22.51 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The firm has a fifty day moving average price of $160.33 and a 200 day moving average price of $157.04. iShares Select Dividend ETF has a fifty-two week low of $137.16 and a fifty-two week high of $167.06.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Tuesday, September 15th were given a dividend of $1.3291 per share. The ex-dividend date was Tuesday, September 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. This represents a $5.32 dividend on an annualized basis and a dividend yield of 3.4%.

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.