Allworth Financial LP Has $3.65 Million Stake in iShares Select Dividend ETF $DVY

Allworth Financial LP increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,513 shares of the company’s stock after purchasing an additional 3,519 shares during the quarter. Allworth Financial LP’s holdings in iShares Select Dividend ETF were worth $3,654,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Northern Trust Corp grew its holdings in shares of iShares Select Dividend ETF by 6.7% during the first quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock worth $415,433,000 after purchasing an additional 194,941 shares during the last quarter. LPL Financial LLC raised its position in shares of iShares Select Dividend ETF by 1.1% during the first quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock worth $216,637,000 after purchasing an additional 16,803 shares during the period. Envestnet Asset Management Inc. increased its holdings in iShares Select Dividend ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock worth $214,086,000 after purchasing an additional 57,961 shares in the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Select Dividend ETF in the second quarter worth $178,925,000. Finally, Raymond James Financial Inc. grew its stake in iShares Select Dividend ETF by 2.1% in the first quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock valued at $163,204,000 after purchasing an additional 24,643 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 $142.08 on Thursday. The firm’s 50-day moving average is $140.88 and its 200-day moving average is $136.56. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The stock has a market cap of $20.80 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were paid a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, September 16th.

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.