Confluence Wealth Services Inc. Invests $207,000 in iShares Select Dividend ETF $DVY

Confluence Wealth Services Inc. bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,559 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its holdings in shares of iShares Select Dividend ETF by 14.3% in the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after purchasing an additional 1,524 shares in the last quarter. Procyon Advisors LLC increased its holdings in iShares Select Dividend ETF by 11.5% in the first quarter. Procyon Advisors LLC now owns 3,608 shares of the company’s stock valued at $485,000 after buying an additional 372 shares during the last quarter. Farther Finance Advisors LLC raised its stake in iShares Select Dividend ETF by 682.1% in the first quarter. Farther Finance Advisors LLC now owns 10,199 shares of the company’s stock valued at $1,369,000 after buying an additional 8,895 shares in the last quarter. WFA Asset Management Corp lifted its holdings in iShares Select Dividend ETF by 1,587.2% during the 1st quarter. WFA Asset Management Corp now owns 5,011 shares of the company’s stock worth $617,000 after buying an additional 4,714 shares during the last quarter. Finally, Pallas Capital Advisors LLC boosted its position in shares of iShares Select Dividend ETF by 4.4% during the 1st quarter. Pallas Capital Advisors LLC now owns 19,488 shares of the company’s stock worth $2,617,000 after acquiring an additional 816 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $142.88 on Tuesday. The stock’s 50-day simple moving average is $139.76 and its 200-day simple moving average is $134.07. The firm has a market capitalization of $21.00 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were issued a $1.2465 dividend. This represents a $4.99 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Tuesday, September 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.