Stonebridge Advisors LLC Takes $553.07 Million Position in iShares Select Dividend ETF $DVY

Stonebridge Advisors LLC purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,071 shares of the company’s stock, valued at approximately $553,074,000. iShares Select Dividend ETF comprises approximately 0.7% of Stonebridge Advisors LLC’s investment portfolio, making the stock its 3rd largest position.

A number of other institutional investors have also made changes to their positions in DVY. Caitlin John LLC bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at about $25,000. Elevated Capital Advisors LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at about $26,000. Miller Capital Partners Inc. acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at about $30,000. Main Street Group LTD bought a new position in iShares Select Dividend ETF during the first quarter worth about $33,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth about $34,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.4%

iShares Select Dividend ETF stock opened at $161.07 on Friday. The firm has a market capitalization of $23.46 billion, a P/E ratio of 13.69 and a beta of 0.66. The business has a 50-day moving average of $158.40 and a 200-day moving average of $154.65. iShares Select Dividend ETF has a 1 year low of $134.72 and a 1 year high of $166.79.

iShares Select Dividend ETF Increases Dividend

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

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