JPMorgan Chase & Co. Raises Stake in iShares Select Dividend ETF $DVY

JPMorgan Chase & Co. increased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% in the third quarter, Holdings Channel reports. The firm owned 1,549,408 shares of the company’s stock after acquiring an additional 24,718 shares during the period. JPMorgan Chase & Co.’s holdings in iShares Select Dividend ETF were worth $220,171,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. HighTower Advisors LLC increased its position in shares of iShares Select Dividend ETF by 5.2% in the third quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after acquiring an additional 16,296 shares in the last quarter. Murphy & Mullick Capital Management Corp boosted its position in iShares Select Dividend ETF by 24.8% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 382 shares of the company’s stock worth $53,000 after purchasing an additional 76 shares during the period. MSH Capital Advisors LLC increased its holdings in iShares Select Dividend ETF by 3.8% in the 3rd quarter. MSH Capital Advisors LLC now owns 13,250 shares of the company’s stock valued at $1,883,000 after purchasing an additional 482 shares in the last quarter. WJ Financial Advisors LLC purchased a new position in iShares Select Dividend ETF in the third quarter valued at about $737,000. Finally, Fusion Family Wealth LLC lifted its stake in shares of iShares Select Dividend ETF by 2.5% during the third quarter. Fusion Family Wealth LLC now owns 4,838 shares of the company’s stock worth $688,000 after purchasing an additional 118 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $156.81 on Friday. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $160.38. The company has a market capitalization of $22.87 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The business has a 50-day moving average of $148.20 and a 200-day moving average of $143.24.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a $1.6162 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 dividend on an annualized basis and a yield of 4.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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.