Whalen Wealth Management Inc. Buys 9,398 Shares of iShares Select Dividend ETF $DVY

Whalen Wealth Management Inc. purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,398 shares of the company’s stock, valued at approximately $1,429,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Main Street Group LTD purchased a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at about $33,000. MBM Wealth Consultants LLC acquired a new stake in iShares Select Dividend ETF in the first quarter valued at approximately $51,000. Horizons Wealth Management acquired a new stake in iShares Select Dividend ETF in the third quarter valued at approximately $55,000. Princeton Global Asset Management LLC increased its position in shares of iShares Select Dividend ETF by 452.9% in the first quarter. Princeton Global Asset Management LLC now owns 387 shares of the company’s stock valued at $59,000 after buying an additional 317 shares in the last quarter. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of iShares Select Dividend ETF during the 1st quarter worth approximately $61,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.9%

Shares of DVY stock traded up $1.41 during trading hours on Thursday, hitting $154.68. 105,943 shares of the company’s stock were exchanged, compared to its average volume of 437,643. iShares Select Dividend ETF has a fifty-two week low of $137.16 and a fifty-two week high of $167.06. The firm has a market cap of $22.54 billion, a P/E ratio of 13.69 and a beta of 0.66. The firm has a 50 day moving average of $160.59 and a two-hundred day moving average of $156.99.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were given a dividend of $1.3291 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. This represents a $5.32 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Tuesday, September 15th.

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.