Quantinno Capital Management LP Has $11.49 Million Position in iShares Select Dividend ETF $DVY

Quantinno Capital Management LP raised its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 66.0% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 75,872 shares of the company’s stock after acquiring an additional 30,179 shares during the quarter. Quantinno Capital Management LP’s holdings in iShares Select Dividend ETF were worth $11,488,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitlin John LLC acquired a new stake in iShares Select Dividend ETF in the fourth quarter worth $25,000. Elevated Capital Advisors LLC acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at about $26,000. Miller Capital Partners Inc. bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth about $30,000. Main Street Group LTD bought a new position in shares of iShares Select Dividend ETF during the 1st quarter worth about $33,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth about $34,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $161.81 on Tuesday. iShares Select Dividend ETF has a 52 week low of $134.26 and a 52 week high of $166.79. The stock has a 50 day moving average price of $158.00 and a two-hundred day moving average price of $154.34. The stock has a market capitalization of $23.57 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.2472 per share. The ex-dividend date of this dividend was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%.

About iShares Select Dividend ETF

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.