iShares Select Dividend ETF $DVY Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 5.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,839 shares of the company’s stock after acquiring an additional 16,296 shares during the quarter. HighTower Advisors LLC owned approximately 0.23% of iShares Select Dividend ETF worth $46,870,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Laurel Wealth Advisors LLC increased its holdings in shares of iShares Select Dividend ETF by 13,158.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock valued at $252,022,000 after acquiring an additional 1,883,298 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in iShares Select Dividend ETF by 526.0% in the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock valued at $24,091,000 after purchasing an additional 152,417 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in iShares Select Dividend ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock valued at $214,086,000 after purchasing an additional 57,961 shares during the last quarter. MML Investors Services LLC raised its holdings in iShares Select Dividend ETF by 157.2% during the second quarter. MML Investors Services LLC now owns 86,631 shares of the company’s stock worth $11,505,000 after purchasing an additional 52,952 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in iShares Select Dividend ETF by 3.5% during the second quarter. JPMorgan Chase & Co. now owns 1,524,690 shares of the company’s stock worth $202,494,000 after purchasing an additional 51,089 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.6%

Shares of iShares Select Dividend ETF stock opened at $156.97 on Wednesday. The company has a fifty day simple moving average of $147.45 and a 200-day simple moving average of $142.90. The stock has a market cap of $22.89 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $160.38.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.6162 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 annualized dividend and a dividend yield of 4.1%.

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.