LPL Financial LLC Increases Stake in iShares Select Dividend ETF $DVY

LPL Financial LLC raised its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,789,466 shares of the company’s stock after acquiring an additional 65,691 shares during the period. LPL Financial LLC’s holdings in iShares Select Dividend ETF were worth $252,565,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DVY. Brighton Jones LLC grew its holdings 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 valued at $1,603,000 after buying an additional 1,524 shares in the last quarter. AQR Capital Management LLC grew its holdings in iShares Select Dividend ETF by 44.7% during the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF during the 2nd quarter valued at approximately $34,000. NewEdge Advisors LLC grew its holdings in iShares Select Dividend ETF by 0.4% during the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after buying an additional 326 shares in the last quarter. Finally, Quantinno Capital Management LP grew its holdings in iShares Select Dividend ETF by 52.8% during the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock valued at $3,260,000 after buying an additional 8,479 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $155.58 on Wednesday. iShares Select Dividend ETF has a 1 year low of $129.36 and a 1 year high of $160.38. The company has a 50 day simple moving average of $153.16 and a two-hundred day simple moving average of $149.84. The firm has a market cap of $22.89 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a dividend of $1.1493 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.