Dynamic Advisor Solutions LLC Boosts Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Dynamic Advisor Solutions LLC lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 9.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,421 shares of the company’s stock after purchasing an additional 200 shares during the period. Dynamic Advisor Solutions LLC’s holdings in iShares Select Dividend ETF were worth $325,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DVY. Brighton Jones LLC increased its stake in iShares Select Dividend ETF by 14.3% in the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after buying an additional 1,524 shares in the last quarter. D.A. Davidson & CO. increased its stake in iShares Select Dividend ETF by 3.0% in the 4th quarter. D.A. Davidson & CO. now owns 17,793 shares of the company’s stock worth $2,336,000 after buying an additional 524 shares in the last quarter. Bryn Mawr Capital Management LLC increased its stake in iShares Select Dividend ETF by 77.1% in the 4th quarter. Bryn Mawr Capital Management LLC now owns 5,010 shares of the company’s stock worth $658,000 after buying an additional 2,181 shares in the last quarter. TBH Global Asset Management LLC purchased a new stake in iShares Select Dividend ETF in the 4th quarter worth $260,000. Finally, Ieq Capital LLC increased its stake in iShares Select Dividend ETF by 14.4% in the 4th quarter. Ieq Capital LLC now owns 35,133 shares of the company’s stock worth $4,613,000 after buying an additional 4,422 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $129.91 on Friday. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The firm has a market capitalization of $19.21 billion, a PE ratio of 15.12 and a beta of 0.87. The stock has a fifty day simple moving average of $129.70 and a two-hundred day simple moving average of $132.06.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 16th will be issued a dividend of $1.2333 per share. This represents a $4.93 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, June 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $0.93.

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.