Steinberganna Wealth Management Invests $586,000 in iShares Select Dividend ETF $DVY

Steinberganna Wealth Management acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,121 shares of the company’s stock, valued at approximately $586,000.

Several other institutional investors and hedge funds also recently made changes to their positions in DVY. Flow Traders U.S. LLC bought a new stake in iShares Select Dividend ETF during the 2nd quarter valued at $1,405,000. Cove Private Wealth LLC increased its position in shares of iShares Select Dividend ETF by 64.6% during the second quarter. Cove Private Wealth LLC now owns 8,280 shares of the company’s stock valued at $1,100,000 after buying an additional 3,250 shares during the period. Courage Miller Partners LLC increased its holdings in shares of iShares Select Dividend ETF by 28.6% in the second quarter. Courage Miller Partners LLC now owns 2,795 shares of the company’s stock worth $371,000 after purchasing an additional 621 shares during the period. Astoria Portfolio Advisors LLC. boosted its position in shares of iShares Select Dividend ETF by 25.5% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 5,590 shares of the company’s stock valued at $768,000 after acquiring an additional 1,136 shares during the last quarter. Finally, Worth Financial Advisory Group LLC raised its stake in iShares Select Dividend ETF by 29.0% in the second quarter. Worth Financial Advisory Group LLC now owns 2,777 shares of the company’s stock valued at $369,000 after purchasing an additional 625 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 1.5%

Shares of iShares Select Dividend ETF stock opened at $144.91 on Friday. The firm has a market capitalization of $21.40 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $145.39. The business’s 50-day moving average price is $141.58 and its 200-day moving average price is $139.72.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were given a dividend of $1.6162 per share. This represents a $6.46 annualized dividend and a yield of 4.5%. The ex-dividend date was Tuesday, December 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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.