Traynor Capital Management Inc. Has $6.83 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Traynor Capital Management Inc. lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY – Get Rating) by 12.3% during the 1st quarter, Holdings Channel reports. The firm owned 53,304 shares of the company’s stock after purchasing an additional 5,818 shares during the quarter. iShares Select Dividend ETF comprises 0.9% of Traynor Capital Management Inc.’s portfolio, making the stock its 26th biggest holding. Traynor Capital Management Inc.’s holdings in iShares Select Dividend ETF were worth $6,829,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of DVY. Bank of America Corp DE boosted its position in iShares Select Dividend ETF by 1.2% during the fourth quarter. Bank of America Corp DE now owns 7,559,899 shares of the company’s stock worth $926,768,000 after purchasing an additional 91,189 shares during the period. Wells Fargo & Company MN grew its stake in iShares Select Dividend ETF by 6.2% in the 4th quarter. Wells Fargo & Company MN now owns 5,434,593 shares of the company’s stock valued at $666,226,000 after buying an additional 319,268 shares during the last quarter. Northern Trust Corp raised its holdings in iShares Select Dividend ETF by 8.1% in the 4th quarter. Northern Trust Corp now owns 2,663,579 shares of the company’s stock valued at $326,529,000 after acquiring an additional 199,027 shares during the period. Envestnet Asset Management Inc. raised its holdings in iShares Select Dividend ETF by 7.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 1,875,816 shares of the company’s stock valued at $229,956,000 after acquiring an additional 132,892 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in iShares Select Dividend ETF by 4.8% during the third quarter. Bank of New York Mellon Corp now owns 1,382,531 shares of the company’s stock worth $158,604,000 after acquiring an additional 63,186 shares during the last quarter.

iShares Select Dividend ETF stock opened at $115.05 on Thursday. iShares Select Dividend ETF has a 12 month low of $111.53 and a 12 month high of $133.33. The stock’s 50 day moving average is $125.43 and its 200-day moving average is $124.68.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Friday, June 10th were paid a $0.867 dividend. The ex-dividend date of this dividend was Thursday, June 9th. This represents a $3.47 annualized dividend and a yield of 3.01%.

iShares Select Dividend ETF Profile (Get Rating)

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.

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