Stelac Advisory Services LLC Boosts Holdings in iShares Select Dividend ETF $DVY

Stelac Advisory Services LLC boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 16.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 45,752 shares of the company’s stock after buying an additional 6,441 shares during the quarter. iShares Select Dividend ETF accounts for approximately 2.2% of Stelac Advisory Services LLC’s portfolio, making the stock its 17th biggest holding. Stelac Advisory Services LLC’s holdings in iShares Select Dividend ETF were worth $6,501,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. First Horizon Corp purchased a new position in iShares Select Dividend ETF during the third quarter valued at $1,585,000. Flow Traders U.S. LLC purchased a new stake in iShares Select Dividend ETF in the second quarter worth about $1,405,000. Park Avenue Securities LLC purchased a new stake in iShares Select Dividend ETF in the third quarter worth about $1,595,000. HighTower Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 5.2% in the third quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after buying an additional 16,296 shares during the period. Finally, FAS Wealth Partners Inc. raised its stake in shares of iShares Select Dividend ETF by 12.5% in the third quarter. FAS Wealth Partners Inc. now owns 31,308 shares of the company’s stock worth $4,449,000 after buying an additional 3,467 shares during the period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY traded up $1.02 during mid-day trading on Friday, reaching $151.49. 66,939 shares of the company traded hands, compared to its average volume of 549,199. The company’s 50 day moving average price is $151.50 and its 200-day moving average price is $144.81. The firm has a market cap of $22.09 billion, a PE ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $160.38.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.6162 per share. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Tuesday, December 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.