Maia Wealth LLC Takes Position in iShares Select Dividend ETF (NASDAQ:DVY)

Maia Wealth LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,219 shares of the company’s stock, valued at approximately $406,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its stake in iShares Select Dividend ETF by 4.5% in 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 period. LPL Financial LLC increased its stake in iShares Select Dividend ETF by 1.1% in 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 period. Northside Capital Management LLC increased its stake in iShares Select Dividend ETF by 0.5% in the 1st quarter. Northside Capital Management LLC now owns 684,891 shares of the company’s stock worth $91,974,000 after buying an additional 3,411 shares during the period. Commonwealth Equity Services LLC increased its stake in iShares Select Dividend ETF by 2.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 664,202 shares of the company’s stock worth $89,196,000 after buying an additional 17,558 shares during the period. Finally, Comerica Bank increased its stake in iShares Select Dividend ETF by 1.9% in the 4th quarter. Comerica Bank now owns 493,235 shares of the company’s stock worth $64,757,000 after buying an additional 9,181 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY stock opened at $135.79 on Tuesday. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09. The firm’s 50-day moving average is $134.13 and its 200 day moving average is $132.40. The company has a market capitalization of $19.91 billion, a PE ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

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

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.