FAS Wealth Partners Inc. Has $4.45 Million Stock Position in iShares Select Dividend ETF $DVY

FAS Wealth Partners Inc. boosted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 12.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,308 shares of the company’s stock after purchasing an additional 3,467 shares during the quarter. FAS Wealth Partners Inc.’s holdings in iShares Select Dividend ETF were worth $4,449,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. First Horizon Corp bought a new position in shares of iShares Select Dividend ETF during the third quarter worth $1,585,000. Flow Traders U.S. LLC acquired a new stake in iShares Select Dividend ETF during the 2nd quarter worth $1,405,000. Park Avenue Securities LLC bought a new position in iShares Select Dividend ETF during the third quarter worth about $1,595,000. Cove Private Wealth LLC grew its stake in iShares Select Dividend ETF by 64.6% in the second quarter. Cove Private Wealth LLC now owns 8,280 shares of the company’s stock valued at $1,100,000 after acquiring an additional 3,250 shares during the period. Finally, Courage Miller Partners LLC grew its stake in iShares Select Dividend ETF by 28.6% in the second quarter. Courage Miller Partners LLC now owns 2,795 shares of the company’s stock valued at $371,000 after acquiring an additional 621 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $147.52 on Friday. The firm has a market cap of $21.70 billion, a P/E ratio of 13.69 and a beta of 0.77. The stock’s 50-day moving average is $142.48 and its 200-day moving average is $140.36. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $148.19.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $1.6162 dividend. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 dividend on an annualized basis and a yield of 4.4%.

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.