Diametric Capital LP Makes New $2.14 Million Investment in iShares Select Dividend ETF $DVY

Diametric Capital LP purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 16,138 shares of the company’s stock, valued at approximately $2,143,000. iShares Select Dividend ETF comprises 1.1% of Diametric Capital LP’s portfolio, making the stock its 16th largest position.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC grew its holdings in shares of iShares Select Dividend ETF by 0.7% during the 2nd quarter. Brighton Jones LLC now owns 11,418 shares of the company’s stock valued at $1,516,000 after purchasing an additional 75 shares during the last quarter. North Forty Two & Co. increased its holdings in shares of iShares Select Dividend ETF by 1.6% in the second quarter. North Forty Two & Co. now owns 4,902 shares of the company’s stock worth $651,000 after buying an additional 75 shares during the period. Precedent Wealth Partners LLC lifted its stake in shares of iShares Select Dividend ETF by 0.7% in the 2nd quarter. Precedent Wealth Partners LLC now owns 11,185 shares of the company’s stock valued at $1,486,000 after acquiring an additional 77 shares during the last quarter. Journey Strategic Wealth LLC boosted its holdings in iShares Select Dividend ETF by 2.4% during the 2nd quarter. Journey Strategic Wealth LLC now owns 3,331 shares of the company’s stock valued at $442,000 after acquiring an additional 78 shares during the period. Finally, Keudell Morrison Wealth Management grew its position in iShares Select Dividend ETF by 1.0% during the 2nd quarter. Keudell Morrison Wealth Management now owns 8,224 shares of the company’s stock worth $1,092,000 after acquiring an additional 79 shares during 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 $141.82 on Friday. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $143.77. The business’s 50 day simple moving average is $140.89 and its two-hundred day simple moving average is $137.73. The stock has a market capitalization of $20.76 billion, a P/E ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a dividend of $1.2465 per share. This represents a $4.99 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Tuesday, September 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.