iShares Select Dividend ETF $DVY Shares Purchased by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. lifted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 272.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 266,000 shares of the company’s stock after acquiring an additional 194,533 shares during the period. iShares Select Dividend ETF makes up approximately 6.7% of Sterling Investment Advisors Ltd.’s portfolio, making the stock its 2nd biggest position. Sterling Investment Advisors Ltd. owned approximately 0.18% of iShares Select Dividend ETF worth $40,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its stake in iShares Select Dividend ETF by 1,771.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after purchasing an additional 6,044,290 shares during the period. Miller Howard Investments Inc. NY boosted its holdings in shares of iShares Select Dividend ETF by 745.9% during the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after buying an additional 445,910 shares in the last quarter. Fifth Third Bancorp boosted its holdings in shares of iShares Select Dividend ETF by 178.6% during the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock worth $97,763,000 after buying an additional 413,908 shares in the last quarter. Align Financial LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $39,639,000. Finally, Bank of America Corp DE grew its position in shares of iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after buying an additional 256,434 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.6%

NASDAQ:DVY opened at $159.48 on Wednesday. The company has a fifty day moving average of $155.48 and a 200-day moving average of $152.50. The firm has a market capitalization of $23.40 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a twelve month low of $132.83 and a twelve month high of $161.49.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This represents a $4.99 annualized dividend and a dividend yield of 3.1%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.