Navigation Group LLC Invests $623,000 in iShares Select Dividend ETF $DVY

Navigation Group LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,117 shares of the company’s stock, valued at approximately $623,000.

Other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. lifted its position in iShares Select Dividend ETF by 1.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 23,325 shares of the company’s stock worth $3,532,000 after buying an additional 307 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of iShares Select Dividend ETF by 34.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,168 shares of the company’s stock valued at $177,000 after acquiring an additional 300 shares in the last quarter. Sterling Investment Advisors Ltd. grew its holdings in shares of iShares Select Dividend ETF by 272.2% in the 1st quarter. Sterling Investment Advisors Ltd. now owns 266,000 shares of the company’s stock valued at $40,275,000 after acquiring an additional 194,533 shares in the last quarter. 1ST Source Bank acquired a new stake in shares of iShares Select Dividend ETF in the first quarter valued at about $272,000. Finally, Calamos Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the first quarter valued at about $384,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY opened at $159.61 on Thursday. The business’s 50-day simple moving average is $155.59 and its 200 day simple moving average is $152.62. iShares Select Dividend ETF has a 52-week low of $132.83 and a 52-week high of $161.49. The firm has a market capitalization of $23.42 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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

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