Claris Financial LLC Purchases Shares of 7,968 iShares Select Dividend ETF $DVY

Claris Financial LLC purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,968 shares of the company’s stock, valued at approximately $1,125,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DVY. Bank of America Corp DE raised its position in shares of iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after purchasing an additional 256,434 shares during the period. Morgan Stanley boosted its holdings in iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after buying an additional 224,125 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in iShares Select Dividend ETF by 1,771.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after buying an additional 6,044,290 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares Select Dividend ETF by 1.9% in the 4th quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after buying an additional 69,658 shares in the last quarter. Finally, Royal Bank of Canada raised its holdings in iShares Select Dividend ETF by 3.9% during the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock valued at $433,832,000 after acquiring an additional 114,490 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 0.3%

Shares of iShares Select Dividend ETF stock opened at $153.30 on Friday. The company has a market capitalization of $22.55 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The stock’s 50-day simple moving average is $153.80 and its 200-day simple moving average is $150.56. iShares Select Dividend ETF has a 52 week low of $129.94 and a 52 week high of $160.38.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $1.2472 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.99 annualized dividend and a yield of 3.3%.

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.