Advisory Services Network LLC Has $15.55 Million Stake in iShares Select Dividend ETF $DVY

Advisory Services Network LLC raised its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 57.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,154 shares of the company’s stock after acquiring an additional 42,170 shares during the period. Advisory Services Network LLC owned approximately 0.08% of iShares Select Dividend ETF worth $15,552,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Parvin Asset Management LLC bought a new stake in iShares Select Dividend ETF during the 2nd quarter valued at approximately $27,000. Financial Gravity Companies Inc. acquired a new position in shares of iShares Select Dividend ETF during the second quarter worth approximately $29,000. Kilter Group LLC bought a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $31,000. Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $34,000. Finally, Headlands Technologies LLC acquired a new stake in shares of iShares Select Dividend ETF in the second quarter worth $38,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $144.15 on Friday. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $145.03. The company has a fifty day moving average price of $140.97 and a 200 day moving average price of $138.24. The stock has a market cap of $21.10 billion, a P/E 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. Investors of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend 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.