Townsend Asset Management Corp NC ADV Purchases 896 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Townsend Asset Management Corp NC ADV lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,208 shares of the company’s stock after buying an additional 896 shares during the period. iShares Select Dividend ETF comprises about 1.6% of Townsend Asset Management Corp NC ADV’s investment portfolio, making the stock its 17th largest holding. Townsend Asset Management Corp NC ADV’s holdings in iShares Select Dividend ETF were worth $4,191,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Transamerica Financial Advisors Inc. acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth about $27,000. Millstone Evans Group LLC acquired a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $36,000. Murphy & Mullick Capital Management Corp acquired a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $40,000. Mpwm Advisory Solutions LLC bought a new position in iShares Select Dividend ETF in the fourth quarter valued at approximately $40,000. Finally, Marshall Investment Management LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $47,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.3%

Shares of iShares Select Dividend ETF stock opened at $129.91 on Thursday. The stock has a market cap of $19.21 billion, a P/E ratio of 15.12 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09. The business’s 50 day moving average is $129.55 and its 200-day moving average is $132.14.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Monday, June 16th will be given a dividend of $1.2333 per share. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. This represents a $4.93 annualized dividend and a yield of 3.80%. The ex-dividend date is Monday, June 16th.

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.