iShares Select Dividend ETF $DVY Stock Position Raised by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 21.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,586 shares of the company’s stock after acquiring an additional 2,204 shares during the quarter. Arkadios Wealth Advisors’ holdings in iShares Select Dividend ETF were worth $1,671,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Northern Trust Corp lifted its position in shares of iShares Select Dividend ETF by 6.7% in the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock valued at $415,433,000 after acquiring an additional 194,941 shares in the last quarter. LPL Financial LLC increased its holdings in shares of iShares Select Dividend ETF by 1.1% in the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after purchasing an additional 16,803 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of iShares Select Dividend ETF by 3.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock valued at $214,086,000 after purchasing an additional 57,961 shares during the period. Kingstone Capital Partners Texas LLC acquired a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $178,925,000. Finally, Raymond James Financial Inc. increased its holdings in shares of iShares Select Dividend ETF by 2.1% in the 1st quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock valued at $163,204,000 after purchasing an additional 24,643 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $139.17 on Friday. The company has a market capitalization of $20.38 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The business’s 50-day moving average is $141.13 and its 200-day moving average is $135.73.

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 issued a $1.2465 dividend. The ex-dividend date was Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.6%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.