Readystate Asset Management LP Buys New Holdings in iShares Select Dividend ETF $DVY

Readystate Asset Management LP purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,015 shares of the company’s stock, valued at approximately $608,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares in the last quarter. AQR Capital Management LLC raised its stake in iShares Select Dividend ETF by 44.7% in the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF in the second quarter valued at $34,000. NewEdge Advisors LLC lifted its holdings in iShares Select Dividend ETF by 0.4% during the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after buying an additional 326 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in iShares Select Dividend ETF by 52.8% during the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after buying an additional 8,479 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $163.72 on Thursday. iShares Select Dividend ETF has a 1 year low of $132.83 and a 1 year high of $166.79. The stock has a market cap of $23.84 billion, a P/E ratio of 13.69 and a beta of 0.66. The stock has a 50-day simple moving average of $157.61 and a 200-day simple moving average of $154.00.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a yield of 3.0%.

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.