Exchange Traded Concepts LLC Raises Stake in iShares Select Dividend ETF $DVY

Exchange Traded Concepts LLC increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 813.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,601 shares of the company’s stock after buying an additional 41,499 shares during the period. Exchange Traded Concepts LLC’s holdings in iShares Select Dividend ETF were worth $6,577,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in iShares Select Dividend ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after buying an additional 256,434 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares Select Dividend ETF by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 1,549,408 shares of the company’s stock worth $220,171,000 after acquiring an additional 24,718 shares during the period. UBS Group AG increased its position in shares of iShares Select Dividend ETF by 10.0% during the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock worth $164,130,000 after acquiring an additional 104,866 shares during the period. Mariner LLC raised its stake in shares of iShares Select Dividend ETF by 3.4% during the third quarter. Mariner LLC now owns 406,282 shares of the company’s stock valued at $57,719,000 after acquiring an additional 13,444 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of iShares Select Dividend ETF by 16.3% during the second quarter. Osaic Holdings Inc. now owns 352,044 shares of the company’s stock valued at $46,831,000 after acquiring an additional 49,367 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 $149.50 on Monday. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $160.38. The firm has a market capitalization of $21.80 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The stock has a 50 day moving average price of $152.37 and a 200 day moving average price of $145.46.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a $1.1493 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Tuesday, March 17th.

iShares Select Dividend ETF Company 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.