iShares Select Dividend ETF $DVY Shares Acquired by Smith Moore & CO.

Smith Moore & CO. grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 5.4% during the 2nd quarter, Holdings Channel reports. The fund owned 9,730 shares of the company’s stock after purchasing an additional 501 shares during the period. Smith Moore & CO.’s holdings in iShares Select Dividend ETF were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DVY. Brighton Jones LLC grew its position in iShares Select Dividend ETF by 14.3% during the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares during the period. TIAA Trust National Association boosted its stake in shares of iShares Select Dividend ETF by 5.6% in the first quarter. TIAA Trust National Association now owns 12,294 shares of the company’s stock worth $1,651,000 after buying an additional 655 shares during the last quarter. Liberty Wealth Management LLC acquired a new stake in iShares Select Dividend ETF during the first quarter worth about $3,184,000. Scotia Capital Inc. grew its holdings in iShares Select Dividend ETF by 11.5% during the first quarter. Scotia Capital Inc. now owns 33,277 shares of the company’s stock worth $4,469,000 after acquiring an additional 3,445 shares during the period. Finally, Blair William & Co. IL raised its position in iShares Select Dividend ETF by 5.8% during the first quarter. Blair William & Co. IL now owns 157,103 shares of the company’s stock valued at $21,097,000 after acquiring an additional 8,545 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.7%

iShares Select Dividend ETF stock opened at $142.51 on Tuesday. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $143.77. The stock’s 50 day simple moving average is $140.83 and its two-hundred day simple moving average is $137.62. The firm has a market cap of $20.86 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.5%.

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.