Purkiss Capital Advisors LLC Invests $217,000 in iShares Select Dividend ETF (NASDAQ:DVY)

Purkiss Capital Advisors LLC purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,618 shares of the company’s stock, valued at approximately $217,000.

Other institutional investors also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in shares of iShares Select Dividend ETF by 5.0% in the fourth quarter. Wells Fargo & Company MN now owns 3,875,784 shares of the company’s stock valued at $508,852,000 after purchasing an additional 183,589 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of iShares Select Dividend ETF by 4.5% during the 4th quarter. Royal Bank of Canada now owns 2,346,687 shares of the company’s stock worth $308,096,000 after buying an additional 100,103 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares Select Dividend ETF by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock worth $222,563,000 after buying an additional 314,358 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares Select Dividend ETF by 1.1% during the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock worth $216,637,000 after buying an additional 16,803 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of iShares Select Dividend ETF by 2.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,587,775 shares of the company’s stock worth $208,459,000 after buying an additional 38,432 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY opened at $138.08 on Monday. The company has a market capitalization of $20.27 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09. The business has a fifty day simple moving average of $133.17 and a 200 day simple moving average of $132.21.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were paid a $1.2333 dividend. This represents a $4.93 dividend on an annualized basis and a yield of 3.57%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. The ex-dividend date was Monday, June 16th.

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.