Diversified Enterprises LLC Takes Position in iShares Select Dividend ETF $DVY

Diversified Enterprises LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,754 shares of the company’s stock, valued at approximately $233,000.

A number of other hedge funds have also bought and sold shares of DVY. Financial Gravity Asset Management Inc. bought a new stake in iShares Select Dividend ETF during the first quarter worth $30,000. IMA Advisory Services Inc. purchased a new stake in iShares Select Dividend ETF in the first quarter worth $34,000. Cypress Capital Management LLC WY purchased a new position in shares of iShares Select Dividend ETF in the first quarter valued at $35,000. First Pacific Financial purchased a new position in shares of iShares Select Dividend ETF in the first quarter valued at $40,000. Finally, Roxbury Financial LLC grew its position in shares of iShares Select Dividend ETF by 39.5% in the first quarter. Roxbury Financial LLC now owns 367 shares of the company’s stock valued at $51,000 after purchasing an additional 104 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $141.36 on Friday. The firm has a market capitalization of $20.72 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The stock has a fifty day moving average of $139.16 and a 200 day moving average of $133.68.

iShares Select Dividend ETF Increases Dividend

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

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.