Caprock Group LLC Invests $459,000 in iShares Select Dividend ETF $DVY

Caprock Group LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,239 shares of the company’s stock, valued at approximately $459,000.

A number of other institutional investors have also bought and sold shares of DVY. Parvin Asset Management LLC bought a new stake in iShares Select Dividend ETF in the second quarter worth approximately $27,000. Financial Gravity Companies Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth approximately $29,000. Total Investment Management Inc. bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at $29,000. Kilter Group LLC acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at $31,000. Finally, Qube Research & Technologies Ltd bought a new position in iShares Select Dividend ETF during the second quarter worth $34,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.6%

NASDAQ:DVY opened at $156.97 on Wednesday. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $160.38. The stock has a market capitalization of $22.89 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The firm has a fifty day simple moving average of $147.45 and a two-hundred day simple moving average of $142.90.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 19th. Investors 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 4.1%. 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.

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.