Leo Wealth LLC Buys New Position in iShares Select Dividend ETF $DVY

Leo Wealth LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 5,057 shares of the company’s stock, valued at approximately $769,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Main Street Group LTD acquired a new position in shares of iShares Select Dividend ETF in the first quarter valued at approximately $33,000. Horizons Wealth Management acquired a new stake in shares of iShares Select Dividend ETF during the third quarter worth $55,000. Princeton Global Asset Management LLC raised its holdings in shares of iShares Select Dividend ETF by 452.9% during the first quarter. Princeton Global Asset Management LLC now owns 387 shares of the company’s stock worth $59,000 after acquiring an additional 317 shares during the period. GKV Capital Management Co. Inc. acquired a new stake in shares of iShares Select Dividend ETF during the first quarter worth $61,000. Finally, Compass Wealth Management LLC bought a new stake in iShares Select Dividend ETF in the 3rd quarter valued at $63,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.0%

DVY opened at $161.22 on Tuesday. The stock has a market capitalization of $23.51 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12 month low of $137.16 and a 12 month high of $167.06. The firm’s fifty day simple moving average is $159.51 and its 200 day simple moving average is $155.68.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $1.3291 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472. The ex-dividend date was Tuesday, September 15th. This represents a $5.32 dividend on an annualized basis and a yield of 3.3%.

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.