Bessemer Group Inc. Purchases 3,212 Shares of iShares Select Dividend ETF $DVY

Bessemer Group Inc. increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 13.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,083 shares of the company’s stock after purchasing an additional 3,212 shares during the quarter. Bessemer Group Inc.’s holdings in iShares Select Dividend ETF were worth $4,100,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DVY. Northwestern Mutual Wealth Management Co. raised its holdings in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after purchasing an additional 6,044,290 shares in the last quarter. Miller Howard Investments Inc. NY boosted its holdings in shares of iShares Select Dividend ETF by 745.9% during the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after buying an additional 445,910 shares in the last quarter. Fifth Third Bancorp grew its position in shares of iShares Select Dividend ETF by 178.6% in the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock worth $97,763,000 after buying an additional 413,908 shares during the period. Align Financial LLC purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth about $39,639,000. Finally, Morgan Stanley increased its stake in shares of iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after acquiring an additional 224,125 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $160.87 on Tuesday. iShares Select Dividend ETF has a 1 year low of $132.83 and a 1 year high of $164.73. The firm has a market cap of $23.64 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The company has a 50-day moving average of $156.16 and a 200 day moving average of $153.03.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, June 15th.

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