Scarborough Advisors LLC Buys New Position in iShares Select Dividend ETF $DVY

Scarborough Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 30,607 shares of the company’s stock, valued at approximately $4,634,000.

Several other hedge funds also recently made changes to their positions in DVY. Park Avenue Securities LLC lifted its stake in iShares Select Dividend ETF by 40.1% in the 4th quarter. Park Avenue Securities LLC now owns 15,733 shares of the company’s stock worth $2,221,000 after acquiring an additional 4,507 shares in the last quarter. Greenwood Capital Associates LLC raised its stake in shares of 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 purchasing an additional 14,217 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of 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 buying an additional 4,008 shares during the last quarter. First United Bank & Trust lifted its holdings in shares of iShares Select Dividend ETF by 7.9% during the 4th quarter. First United Bank & Trust now owns 65,081 shares of the company’s stock valued at $9,186,000 after buying an additional 4,754 shares during the last quarter. Finally, ASL Financial LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $807,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $161.83 on Monday. The business has a 50 day simple moving average of $155.98 and a 200 day simple moving average of $152.90. iShares Select Dividend ETF has a 52 week low of $132.83 and a 52 week high of $164.73. The stock has a market cap of $23.78 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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

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.