Maloon Powers Pitre Higgins & Dennehy LLC Makes New $3.23 Million Investment in iShares Select Dividend ETF $DVY

Maloon Powers Pitre Higgins & Dennehy LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the 2nd quarter, Holdings Channel reports. The firm bought 20,674 shares of the company’s stock, valued at approximately $3,231,000. iShares Select Dividend ETF accounts for about 1.1% of Maloon Powers Pitre Higgins & Dennehy LLC’s portfolio, making the stock its 21st largest holding.

Several other hedge funds have also made changes to their positions in the company. Caitlin John LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter worth approximately $25,000. Miller Capital Partners Inc. acquired a new stake in iShares Select Dividend ETF during the fourth quarter worth $30,000. Main Street Group LTD purchased a new stake in iShares Select Dividend ETF in the first quarter valued at $33,000. Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF in the second quarter valued at $34,000. Finally, Headlands Technologies LLC acquired a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at $38,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.4%

NASDAQ DVY opened at $164.25 on Friday. The stock has a fifty day simple moving average of $162.03 and a 200-day simple moving average of $156.41. The stock has a market cap of $23.92 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a twelve month low of $137.16 and a twelve month high of $167.06.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a yield of 3.0%. 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.

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.