Lido Advisors LLC Has $15.35 Million Stock Position in iShares Select Dividend ETF $DVY

Lido Advisors LLC lowered its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 10.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,349 shares of the company’s stock after selling 11,857 shares during the quarter. Lido Advisors LLC owned about 0.07% of iShares Select Dividend ETF worth $15,345,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of DVY. Caitlin John LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $25,000. Elevated Capital Advisors LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $26,000. Miller Capital Partners Inc. acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $30,000. Main Street Group LTD acquired a new stake in iShares Select Dividend ETF in the 1st quarter worth approximately $33,000. Finally, Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF in the 2nd quarter worth approximately $34,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.7%

Shares of iShares Select Dividend ETF stock opened at $160.88 on Friday. The stock has a market capitalization of $23.65 billion, a P/E ratio of 13.69 and a beta of 0.66. The stock has a 50 day moving average price of $156.69 and a two-hundred day moving average price of $153.44. iShares Select Dividend ETF has a 12-month low of $132.83 and a 12-month high of $164.73.

iShares Select Dividend ETF Increases Dividend

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

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.