MassMutual Private Wealth & Trust FSB Has $343,000 Stock Holdings in iShares Select Dividend ETF $DVY

MassMutual Private Wealth & Trust FSB grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 21.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,580 shares of the company’s stock after buying an additional 450 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in iShares Select Dividend ETF were worth $343,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Financial Gravity Asset Management Inc. acquired a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at $30,000. IMA Advisory Services Inc. acquired a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at $34,000. Cypress Capital Management LLC WY acquired a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at $35,000. First Pacific Financial acquired a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at $40,000. Finally, Roxbury Financial LLC raised its stake in shares of iShares Select Dividend ETF by 39.5% in the 1st quarter. Roxbury Financial LLC now owns 367 shares of the company’s stock valued at $51,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $140.45 on Friday. The stock has a market cap of $20.59 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. The firm has a fifty day moving average of $138.51 and a 200-day moving average of $133.36. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Investors of record on Tuesday, September 16th will be given a dividend of $1.2465 per share. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date is Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.6%.

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.