TFC Financial Management Inc. Has $474,000 Stake in iShares Select Dividend ETF $DVY

TFC Financial Management Inc. boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,567 shares of the company’s stock after purchasing an additional 80 shares during the period. TFC Financial Management Inc.’s holdings in iShares Select Dividend ETF were worth $474,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brighton Jones LLC raised its position in shares of iShares Select Dividend ETF by 14.3% during 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 last quarter. GAMMA Investing LLC raised its position in shares of iShares Select Dividend ETF by 549.1% during the first quarter. GAMMA Investing LLC now owns 1,506 shares of the company’s stock worth $202,000 after acquiring an additional 1,274 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares Select Dividend ETF by 5.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 200,247 shares of the company’s stock worth $26,891,000 after acquiring an additional 9,632 shares during the last quarter. Dynamic Advisor Solutions LLC raised its position in shares of iShares Select Dividend ETF by 9.0% during the first quarter. Dynamic Advisor Solutions LLC now owns 2,421 shares of the company’s stock worth $325,000 after acquiring an additional 200 shares during the last quarter. Finally, Sagespring Wealth Partners LLC bought a new stake in shares of iShares Select Dividend ETF during the first quarter worth $200,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 1.5%

DVY stock opened at $139.28 on Friday. The company has a market cap of $20.49 billion, a P/E ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09. The business has a fifty day moving average of $140.58 and a 200-day moving average of $134.45.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. The ex-dividend date was Tuesday, September 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.6%.

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.