Rede Wealth LLC Purchases Shares of 38,710 iShares Select Dividend ETF $DVY

Rede Wealth LLC purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 3rd quarter, Holdings Channel reports. The fund purchased 38,710 shares of the company’s stock, valued at approximately $5,501,000. iShares Select Dividend ETF accounts for about 4.3% of Rede Wealth LLC’s investment portfolio, making the stock its 5th biggest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Laurel Wealth Advisors LLC increased its holdings in iShares Select Dividend ETF by 13,158.9% during the second quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock valued at $252,022,000 after buying an additional 1,883,298 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of iShares Select Dividend ETF by 3.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock valued at $214,086,000 after acquiring an additional 57,961 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares Select Dividend ETF by 3.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,524,690 shares of the company’s stock valued at $202,494,000 after acquiring an additional 51,089 shares during the period. Kingstone Capital Partners Texas LLC purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter worth $178,925,000. Finally, Truist Financial Corp raised its holdings in iShares Select Dividend ETF by 1.4% in the 2nd quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock worth $154,820,000 after purchasing an additional 15,783 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $142.62 on Friday. The business’s fifty day moving average is $141.30 and its 200 day moving average is $139.02. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $145.03. The company has a market capitalization of $20.88 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend was Tuesday, December 16th. This is an increase 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.