Wealth Care LLC Invests $2.43 Million in iShares Select Dividend ETF $DVY

Wealth Care LLC purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 1st quarter, Holdings Channel reports. The fund purchased 16,028 shares of the company’s stock, valued at approximately $2,427,000. iShares Select Dividend ETF comprises approximately 2.2% of Wealth Care LLC’s portfolio, making the stock its 12th largest position.

A number of other large investors have also recently modified their holdings of DVY. Northwestern Mutual Wealth Management Co. grew its stake in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after purchasing an additional 6,044,290 shares in the last quarter. Miller Howard Investments Inc. NY increased its holdings in iShares Select Dividend ETF by 745.9% during the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after purchasing an additional 445,910 shares during the period. Align Financial LLC bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at $39,639,000. Bank of America Corp DE raised its position in iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after purchasing an additional 256,434 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of iShares Select Dividend ETF by 3.6% in the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after buying an additional 224,125 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 1.0%

DVY opened at $156.30 on Wednesday. iShares Select Dividend ETF has a 12-month low of $132.75 and a 12-month high of $160.38. The business’s fifty day simple moving average is $154.34 and its 200-day simple moving average is $151.36. The company has a market capitalization of $22.99 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

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

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.