Scotia Capital Inc. Boosts Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Scotia Capital Inc. lifted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 11.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,277 shares of the company’s stock after purchasing an additional 3,445 shares during the quarter. Scotia Capital Inc.’s holdings in iShares Select Dividend ETF were worth $4,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Powell Investment Advisors LLC boosted its position in shares of iShares Select Dividend ETF by 1.0% during the 1st quarter. Powell Investment Advisors LLC now owns 93,839 shares of the company’s stock worth $12,602,000 after purchasing an additional 924 shares during the period. Liberty Wealth Management LLC purchased a new position in shares of iShares Select Dividend ETF during the first quarter worth $3,184,000. IFG Advisory LLC grew its stake in shares of iShares Select Dividend ETF by 4.7% in the first quarter. IFG Advisory LLC now owns 37,253 shares of the company’s stock valued at $5,003,000 after buying an additional 1,663 shares in the last quarter. SPC Financial Inc. raised its holdings in shares of iShares Select Dividend ETF by 1.3% in the 1st quarter. SPC Financial Inc. now owns 42,811 shares of the company’s stock valued at $5,749,000 after buying an additional 559 shares during the period. Finally, TIAA Trust National Association raised its holdings in shares of iShares Select Dividend ETF by 5.6% in the 1st quarter. TIAA Trust National Association now owns 12,294 shares of the company’s stock valued at $1,651,000 after buying an additional 655 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Up 1.1%

DVY opened at $135.44 on Tuesday. The stock’s 50-day moving average price is $133.67 and its 200 day moving average price is $132.37. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09. The firm has a market cap of $19.86 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were paid a $1.2333 dividend. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. This represents a $4.93 annualized dividend and a dividend yield of 3.6%.

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.