Montis Financial LLC Takes $696,000 Position in iShares Select Dividend ETF $DVY

Montis Financial LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,898 shares of the company’s stock, valued at approximately $696,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Laurel Wealth Advisors LLC lifted its stake in shares of iShares Select Dividend ETF by 13,158.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock valued at $252,022,000 after purchasing an additional 1,883,298 shares during the period. Envestnet Asset Management Inc. lifted its stake in iShares Select Dividend ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock valued at $214,086,000 after buying an additional 57,961 shares during the period. JPMorgan Chase & Co. lifted its stake in iShares Select Dividend ETF by 3.5% in the second quarter. JPMorgan Chase & Co. now owns 1,524,690 shares of the company’s stock valued at $202,494,000 after buying an additional 51,089 shares during the period. Kingstone Capital Partners Texas LLC bought a new position in iShares Select Dividend ETF during the second quarter worth about $178,925,000. Finally, Truist Financial Corp grew its position in shares of iShares Select Dividend ETF by 1.4% during the 2nd quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock worth $154,820,000 after buying an additional 15,783 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $147.84 on Friday. The stock has a market cap of $21.77 billion, a PE ratio of 13.69 and a beta of 0.77. The stock has a 50-day moving average of $142.33 and a 200-day moving average of $140.22. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $148.19.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a dividend of $1.6162 per share. This represents a $6.46 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, December 16th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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.