Dorsey & Whitney Trust CO LLC Buys 2,273 Shares of iShares Select Dividend ETF $DVY

Dorsey & Whitney Trust CO LLC increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 42.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,651 shares of the company’s stock after acquiring an additional 2,273 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in iShares Select Dividend ETF were worth $1,016,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Financial Gravity Companies Inc. bought a new position in iShares Select Dividend ETF in the second quarter valued at approximately $29,000. IMA Advisory Services Inc. acquired a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at approximately $34,000. Creative Capital Management Investments LLC boosted its holdings in shares of 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 buying an additional 207 shares during the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of iShares Select Dividend ETF in the first quarter valued at $64,000. Finally, Berkshire Money Management Inc. acquired a new position in iShares Select Dividend ETF during the second quarter worth $75,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.5%

NASDAQ DVY opened at $139.57 on Wednesday. The firm has a market capitalization of $20.43 billion, a P/E ratio of 13.69 and a beta of 0.77. The firm’s fifty day moving average price is $140.77 and its two-hundred day moving average price is $136.94. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09.

iShares Select Dividend ETF Increases Dividend

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