Independent Financial Group LLC Purchases Shares of 9,284 iShares Select Dividend ETF $DVY

Independent Financial Group LLC acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 9,284 shares of the company’s stock, valued at approximately $1,406,000.

Other hedge funds have also made changes to their positions in the company. Park Avenue Securities LLC grew its stake in shares of iShares Select Dividend ETF by 40.1% in the fourth quarter. Park Avenue Securities LLC now owns 15,733 shares of the company’s stock valued at $2,221,000 after buying an additional 4,507 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in iShares Select Dividend ETF by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 57,419 shares of the company’s stock worth $8,104,000 after acquiring an additional 4,008 shares in the last quarter. Greenwood Capital Associates LLC lifted its position in iShares Select Dividend ETF by 187.8% during the 4th quarter. Greenwood Capital Associates LLC now owns 21,787 shares of the company’s stock worth $3,075,000 after acquiring an additional 14,217 shares in the last quarter. First United Bank & Trust lifted its position in iShares Select Dividend ETF by 7.9% during the 4th quarter. First United Bank & Trust now owns 65,081 shares of the company’s stock worth $9,186,000 after acquiring an additional 4,754 shares in the last quarter. Finally, Kelsey Financial LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter worth approximately $473,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $161.83 on Monday. iShares Select Dividend ETF has a 52-week low of $132.83 and a 52-week high of $164.73. The company has a 50 day moving average of $155.98 and a two-hundred day moving average of $152.90. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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

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.