iShares Select Dividend ETF $DVY Position Lifted by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 41.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 165,919 shares of the company’s stock after acquiring an additional 48,896 shares during the period. Kestra Advisory Services LLC’s holdings in iShares Select Dividend ETF were worth $25,122,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DVY. Advisory Services Network LLC lifted its stake in iShares Select Dividend ETF by 11.8% in the third quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock valued at $18,287,000 after buying an additional 13,536 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of iShares Select Dividend ETF by 40.1% during the fourth quarter. Park Avenue Securities LLC now owns 15,733 shares of the company’s stock valued at $2,221,000 after buying an additional 4,507 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in iShares Select Dividend ETF by 7.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 57,419 shares of the company’s stock valued at $8,104,000 after acquiring an additional 4,008 shares in the last quarter. Greenwood Capital Associates LLC boosted its position in iShares Select Dividend ETF by 187.8% during the 4th quarter. Greenwood Capital Associates LLC now owns 21,787 shares of the company’s stock worth $3,075,000 after acquiring an additional 14,217 shares during the period. Finally, CIBC Bancorp USA Inc. bought a new position in shares of iShares Select Dividend ETF in the third quarter worth $8,718,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY traded up $1.35 during trading hours on Friday, reaching $159.46. 434,617 shares of the company’s stock traded hands, compared to its average volume of 482,455. iShares Select Dividend ETF has a twelve month low of $132.83 and a twelve month high of $161.01. The business’s fifty day simple moving average is $155.28 and its two-hundred day simple moving average is $152.18. The firm has a market capitalization of $23.39 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.