Hsbc Holdings PLC Has $2.15 Million Stock Holdings in iShares Select Dividend ETF $DVY

Hsbc Holdings PLC increased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 336.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,231 shares of the company’s stock after purchasing an additional 11,741 shares during the period. Hsbc Holdings PLC’s holdings in iShares Select Dividend ETF were worth $2,150,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of 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 valued at $1,603,000 after acquiring an additional 1,524 shares during the period. AQR Capital Management LLC lifted its holdings in shares of iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after acquiring an additional 3,918 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at $34,000. NewEdge Advisors LLC boosted its stake in shares of iShares Select Dividend ETF by 0.4% in the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after purchasing an additional 326 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of iShares Select Dividend ETF by 52.8% in the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after purchasing an additional 8,479 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.9%

Shares of iShares Select Dividend ETF stock traded up $1.35 during mid-day trading on Friday, reaching $159.46. 434,617 shares of the stock were exchanged, compared to its average volume of 482,455. The company has a market cap of $23.39 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The firm has a 50-day simple moving average of $155.28 and a 200 day simple moving average of $152.18. iShares Select Dividend ETF has a fifty-two week low of $132.83 and a fifty-two week high of $161.01.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th.

iShares Select Dividend ETF 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.