S&A Financial Services Inc. Purchases New Position in iShares Select Dividend ETF $DVY

S&A Financial Services Inc. acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,054 shares of the company’s stock, valued at approximately $917,000.

A number of other institutional investors have also recently bought and sold shares of DVY. Caitlin John LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $25,000. Elevated Capital Advisors LLC acquired a new position in iShares Select Dividend ETF during the fourth quarter worth $26,000. Miller Capital Partners Inc. bought a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $30,000. Main Street Group LTD bought a new stake in iShares Select Dividend ETF during the first quarter worth about $33,000. Finally, Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF during the second quarter valued at approximately $34,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY stock opened at $161.21 on Monday. The business has a 50 day moving average price of $157.88 and a two-hundred day moving average price of $154.23. The company has a market cap of $23.48 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a twelve month low of $132.83 and a twelve month high of $166.79.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.