iShares Select Dividend ETF (NASDAQ:DVY) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 16.2% during the 1st quarter, HoldingsChannel reports. The firm owned 38,647 shares of the company’s stock after purchasing an additional 5,399 shares during the quarter. International Assets Investment Management LLC’s holdings in iShares Select Dividend ETF were worth $5,190,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC grew its position in iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after acquiring an additional 1,524 shares during the period. Concurrent Investment Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 17.0% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,073 shares of the company’s stock valued at $797,000 after acquiring an additional 882 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of iShares Select Dividend ETF by 2.3% in the fourth quarter. First Horizon Advisors Inc. now owns 16,416 shares of the company’s stock valued at $2,155,000 after acquiring an additional 364 shares in the last quarter. MONECO Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at $254,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in iShares Select Dividend ETF during the 4th quarter worth $897,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $131.56 on Tuesday. The stock’s 50-day moving average is $129.93 and its two-hundred day moving average is $131.81. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09. The company has a market cap of $19.46 billion, a price-to-earnings ratio of 15.12 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were issued a $1.2333 dividend. The ex-dividend date was Monday, June 16th. This represents a $4.93 dividend on an annualized basis and a dividend yield of 3.75%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $0.93.

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.