Harpswell Capital Advisors LLC Purchases New Shares in iShares Select Dividend ETF $DVY

Harpswell Capital Advisors LLC acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the company’s stock, valued at approximately $568,000. iShares Select Dividend ETF makes up 0.5% of Harpswell Capital Advisors LLC’s investment portfolio, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds have also recently modified their holdings of DVY. Parvin Asset Management LLC purchased a new stake in iShares Select Dividend ETF in the second quarter worth about $27,000. Financial Gravity Companies Inc. bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth approximately $29,000. Total Investment Management Inc. purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $29,000. Kilter Group LLC purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $31,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF during the second quarter valued at approximately $34,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.2%

DVY opened at $155.06 on Tuesday. The company has a market cap of $22.62 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The stock has a fifty day simple moving average of $145.59 and a two-hundred day simple moving average of $142.02. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $155.61.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 19th. Investors of record on Tuesday, December 16th were paid a $1.6162 dividend. This represents a $6.46 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Tuesday, December 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25.

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.