PFG Advisors Acquires New Shares in iShares Select Dividend ETF $DVY

PFG Advisors bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,300 shares of the company’s stock, valued at approximately $1,464,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parvin Asset Management LLC bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $27,000. Financial Gravity Companies Inc. bought a new position in iShares Select Dividend ETF during the 2nd quarter worth approximately $29,000. Total Investment Management Inc. acquired a new position in iShares Select Dividend ETF during the second quarter valued at approximately $29,000. Kilter Group LLC acquired a new position in iShares Select Dividend ETF during the second quarter valued at approximately $31,000. Finally, Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF in the second quarter valued at approximately $34,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY opened at $151.57 on Wednesday. The firm’s fifty day moving average is $151.11 and its two-hundred day moving average is $144.72. The firm has a market cap of $22.11 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $160.38.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a $1.6162 dividend. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.3%. This is an increase 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.