4,362 iShares Select Dividend ETF $DVY Shares Acquired by White Lighthouse Investment Management Inc.

White Lighthouse Investment Management Inc. raised its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 6.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,390 shares of the company’s stock after purchasing an additional 4,362 shares during the quarter. iShares Select Dividend ETF accounts for about 1.4% of White Lighthouse Investment Management Inc.’s investment portfolio, making the stock its 17th largest position. White Lighthouse Investment Management Inc. owned approximately 0.05% of iShares Select Dividend ETF worth $11,312,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DVY. Envestnet Asset Management Inc. increased its stake in shares of iShares Select Dividend ETF by 6.0% in the second quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock worth $246,334,000 after purchasing an additional 88,825 shares in the last quarter. Fifth Third Bancorp raised its position in shares of iShares Select Dividend ETF by 2.1% during the 2nd quarter. Fifth Third Bancorp now owns 658,941 shares of the company’s stock valued at $102,992,000 after purchasing an additional 13,257 shares during the period. Cetera Investment Advisers raised its position in shares of iShares Select Dividend ETF by 5.9% during the 1st quarter. Cetera Investment Advisers now owns 539,922 shares of the company’s stock valued at $81,750,000 after purchasing an additional 29,898 shares during the period. AMG National Trust Bank raised its position in shares of iShares Select Dividend ETF by 2.9% during the 1st quarter. AMG National Trust Bank now owns 313,946 shares of the company’s stock valued at $47,535,000 after purchasing an additional 8,806 shares during the period. Finally, Sterling Investment Advisors Ltd. raised its position in shares of iShares Select Dividend ETF by 14.8% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 305,312 shares of the company’s stock valued at $47,720,000 after purchasing an additional 39,312 shares during the period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

DVY opened at $159.39 on Thursday. iShares Select Dividend ETF has a fifty-two week low of $137.16 and a fifty-two week high of $167.06. The firm’s fifty day moving average is $159.61 and its 200 day moving average is $157.52. The stock has a market cap of $23.24 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were paid a $1.3291 dividend. This represents a $5.32 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Tuesday, September 15th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472.

iShares Select Dividend ETF 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.