iShares Select Dividend ETF $DVY Holdings Raised by Wedbush Securities Inc.

Wedbush Securities Inc. increased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 57.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 23,112 shares of the company’s stock after purchasing an additional 8,417 shares during the period. Wedbush Securities Inc.’s holdings in iShares Select Dividend ETF were worth $3,612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Caitlin John LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $25,000. Miller Capital Partners Inc. acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at approximately $30,000. Main Street Group LTD bought a new position in shares of iShares Select Dividend ETF during the first quarter valued at approximately $33,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF during the second quarter valued at approximately $34,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $38,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $163.80 on Friday. The firm has a market capitalization of $23.86 billion, a P/E ratio of 13.69 and a beta of 0.66. The business has a 50 day simple moving average of $161.27 and a 200 day simple moving average of $156.15. iShares Select Dividend ETF has a 12-month low of $137.16 and a 12-month high of $167.06.

iShares Select Dividend ETF Increases Dividend

The company also recently declared 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 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 3.0%. The ex-dividend date was Monday, June 15th.

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.