Evanson Financial LLC Acquires Shares of 6,192 iShares Select Dividend ETF $DVY

Evanson Financial LLC bought a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 6,192 shares of the company’s stock, valued at approximately $968,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DVY. Caitlin John LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at $25,000. Elevated Capital Advisors LLC bought a new position in iShares Select Dividend ETF in the fourth quarter worth approximately $26,000. Miller Capital Partners Inc. purchased a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at $30,000. Main Street Group LTD purchased a new position in shares of iShares Select Dividend ETF during the first quarter valued at $33,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Up 0.5%

DVY opened at $161.94 on Friday. The firm has a market cap of $23.59 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12 month low of $135.45 and a 12 month high of $166.79. The stock has a fifty day moving average price of $158.54 and a 200-day moving average price of $154.70.

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 is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend and a dividend yield of 3.1%.

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.