Summit Wealth Partners LLC Buys 12,063 Shares of iShares Select Dividend ETF $DVY

Summit Wealth Partners LLC raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 74.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 28,187 shares of the company’s stock after buying an additional 12,063 shares during the period. Summit Wealth Partners LLC’s holdings in iShares Select Dividend ETF were worth $4,268,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC raised 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 valued at $1,603,000 after acquiring an additional 1,524 shares in the last quarter. AQR Capital Management LLC grew 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 worth $1,704,000 after purchasing an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in iShares Select Dividend ETF in the second quarter worth approximately $34,000. NewEdge Advisors LLC grew its stake in iShares Select Dividend ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after purchasing an additional 326 shares in the last quarter. Finally, Quantinno Capital Management LP increased 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 purchasing an additional 8,479 shares during the period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.6%

Shares of NASDAQ DVY opened at $154.15 on Tuesday. iShares Select Dividend ETF has a twelve month low of $129.94 and a twelve month high of $160.38. The firm has a market cap of $22.68 billion, a PE ratio of 13.69 and a beta of 0.66. The business has a fifty day simple moving average of $153.82 and a two-hundred day simple moving average of $150.73.

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 paid 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 3.2%. 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.