Sequoia Financial Advisors LLC Has $7.59 Million Stake in iShares Select Dividend ETF $DVY

Sequoia Financial Advisors LLC increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 10.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 53,411 shares of the company’s stock after purchasing an additional 5,001 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in iShares Select Dividend ETF were worth $7,590,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DVY. Laurel Wealth Advisors LLC lifted its position in iShares Select Dividend ETF by 13,158.9% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,897,610 shares of the company’s stock worth $252,022,000 after buying an additional 1,883,298 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares Select Dividend ETF by 3.7% in the second quarter. Envestnet Asset Management Inc. now owns 1,612,404 shares of the company’s stock worth $214,086,000 after acquiring an additional 57,961 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of iShares Select Dividend ETF by 3.5% during the second quarter. JPMorgan Chase & Co. now owns 1,524,690 shares of the company’s stock worth $202,494,000 after acquiring an additional 51,089 shares in the last quarter. Truist Financial Corp raised its holdings in shares of iShares Select Dividend ETF by 1.4% during the second quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock worth $154,820,000 after acquiring an additional 15,783 shares in the last quarter. Finally, US Bancorp DE boosted its position in iShares Select Dividend ETF by 1.3% during the second quarter. US Bancorp DE now owns 1,137,906 shares of the company’s stock valued at $151,125,000 after purchasing an additional 15,019 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $147.52 on Monday. iShares Select Dividend ETF has a one year low of $115.94 and a one year high of $148.19. The business’s 50-day moving average price is $142.48 and its two-hundred day moving average price is $140.39. The company has a market capitalization of $21.70 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, December 19th. Investors of record on Tuesday, December 16th were paid a $1.6162 dividend. This represents a $6.46 annualized dividend and a dividend yield of 4.4%. 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 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.