iShares Select Dividend ETF $DVY Shares Acquired by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC lifted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,392 shares of the company’s stock after purchasing an additional 188 shares during the quarter. Avidian Wealth Enterprises LLC’s holdings in iShares Select Dividend ETF were worth $318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of iShares Select Dividend ETF during the 1st quarter worth $30,000. IMA Advisory Services Inc. acquired a new stake in iShares Select Dividend ETF in the 1st quarter valued at about $34,000. Cypress Capital Management LLC WY acquired a new stake in iShares Select Dividend ETF in the 1st quarter valued at about $35,000. First Pacific Financial acquired a new stake in iShares Select Dividend ETF in the 1st quarter valued at about $40,000. Finally, Creative Capital Management Investments LLC grew its stake in iShares Select Dividend ETF by 82.1% in the 2nd quarter. Creative Capital Management Investments LLC now owns 459 shares of the company’s stock valued at $61,000 after acquiring an additional 207 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.1%

Shares of NASDAQ DVY opened at $141.25 on Thursday. The stock has a market cap of $20.71 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The company’s 50-day moving average price is $140.89 and its 200 day moving average price is $134.75.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were paid a dividend of $1.2465 per share. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.99 annualized dividend and a dividend yield of 3.5%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.