Spartan Wealth Advisory Services LLC Acquires Shares of 3,485 iShares Select Dividend ETF $DVY

Spartan Wealth Advisory Services LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,485 shares of the company’s stock, valued at approximately $528,000.

Other institutional investors have also modified their holdings of the company. Morgan Stanley grew its stake in shares of iShares Select Dividend ETF by 3.6% during the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after purchasing an additional 224,125 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings 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 valued at $901,247,000 after buying an additional 6,044,290 shares during the last quarter. Wells Fargo & Company MN raised its stake in iShares Select Dividend ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock valued at $537,455,000 after buying an additional 69,658 shares in the last quarter. Royal Bank of Canada raised its stake in iShares Select Dividend ETF by 3.9% in the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock valued at $433,832,000 after buying an additional 114,490 shares in the last quarter. Finally, LPL Financial LLC raised its stake in iShares Select Dividend ETF by 3.8% in the fourth quarter. LPL Financial LLC now owns 1,789,466 shares of the company’s stock valued at $252,565,000 after buying an additional 65,691 shares in 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 $161.83 on Monday. The business has a 50-day moving average of $155.98 and a two-hundred day moving average of $152.90. The company has a market capitalization of $23.78 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 1 year low of $132.83 and a 1 year high of $164.73.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $1.2472 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.99 annualized dividend and a dividend yield of 3.1%.

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.