Janney Montgomery Scott LLC Boosts Position in iShares Select Dividend ETF $DVY

Janney Montgomery Scott LLC raised its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 238,781 shares of the company’s stock after acquiring an additional 18,051 shares during the quarter. Janney Montgomery Scott LLC’s holdings in iShares Select Dividend ETF were worth $36,154,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Caitlin John LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $25,000. Elevated Capital Advisors LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at $26,000. Ransom Advisory Ltd acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at $27,000. Miller Capital Partners Inc. purchased a new stake in iShares Select Dividend ETF during the 4th quarter worth $30,000. Finally, Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF during the 2nd quarter worth $34,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.2%

Shares of NASDAQ DVY opened at $157.90 on Tuesday. The stock has a fifty day moving average price of $154.27 and a 200 day moving average price of $151.27. iShares Select Dividend ETF has a 12-month low of $131.86 and a 12-month high of $160.38. The company has a market cap of $23.23 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.