Global Retirement Partners LLC Takes $2.24 Million Position in iShares Select Dividend ETF $DVY

Global Retirement Partners LLC purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 14,343 shares of the company’s stock, valued at approximately $2,242,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Brighton Jones LLC grew its position in shares of iShares Select Dividend ETF by 14.3% during the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares in the last quarter. AQR Capital Management LLC raised its position in shares of iShares Select Dividend ETF by 44.7% in the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $34,000. NewEdge Advisors LLC boosted its stake in shares of iShares Select Dividend ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after buying an additional 326 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in shares of iShares Select Dividend ETF by 52.8% in the second quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock valued at $3,260,000 after buying an additional 8,479 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $165.50 on Monday. The business’s 50 day simple moving average is $159.47 and its 200 day simple moving average is $155.30. iShares Select Dividend ETF has a 1 year low of $137.16 and a 1 year high of $166.79. The company has a market capitalization of $24.11 billion, a P/E 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. Stockholders of record on Monday, June 15th were given a dividend of $1.2472 per share. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.