Founders Financial Securities LLC Has $1.54 Million Position in iShares Select Dividend ETF $DVY

Founders Financial Securities LLC lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 35.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,806 shares of the company’s stock after selling 5,920 shares during the period. Founders Financial Securities LLC’s holdings in iShares Select Dividend ETF were worth $1,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DAVENPORT & Co LLC raised its holdings in shares of iShares Select Dividend ETF by 18.9% in the 3rd quarter. DAVENPORT & Co LLC now owns 84,366 shares of the company’s stock worth $11,988,000 after buying an additional 13,400 shares in the last quarter. Scratch Capital LLC acquired a new stake in iShares Select Dividend ETF in the 3rd quarter valued at $222,000. Highline Wealth Partners LLC grew its position in iShares Select Dividend ETF by 15.8% in the third quarter. Highline Wealth Partners LLC now owns 1,745 shares of the company’s stock valued at $248,000 after acquiring an additional 238 shares during the period. Welch Group LLC grew its position in iShares Select Dividend ETF by 4.6% in the third quarter. Welch Group LLC now owns 4,662 shares of the company’s stock valued at $662,000 after acquiring an additional 203 shares during the period. Finally, OLD National Bancorp IN raised its stake in iShares Select Dividend ETF by 1.2% during the third quarter. OLD National Bancorp IN now owns 68,614 shares of the company’s stock worth $9,750,000 after acquiring an additional 816 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $142.40 on Thursday. The company’s fifty day moving average is $141.19 and its 200-day moving average is $138.88. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $145.03. The company has a market capitalization of $20.85 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were given a $1.6162 dividend. This represents a $6.46 dividend on an annualized basis and a yield of 4.5%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th.

iShares Select Dividend ETF 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.