iShares Select Dividend ETF $DVY Shares Acquired by Kwmg LLC

Kwmg LLC lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 114,949 shares of the company’s stock after purchasing an additional 5,779 shares during the period. iShares Select Dividend ETF comprises approximately 1.3% of Kwmg LLC’s portfolio, making the stock its 25th largest position. Kwmg LLC owned approximately 0.08% of iShares Select Dividend ETF worth $17,966,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Caitlin John LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter valued at $25,000. Elevated Capital Advisors LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter worth about $26,000. Miller Capital Partners Inc. purchased a new stake in iShares Select Dividend ETF during the 4th quarter worth about $30,000. Main Street Group LTD acquired a new position in shares of iShares Select Dividend ETF during the 1st quarter worth about $33,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth about $34,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

DVY opened at $161.94 on Friday. iShares Select Dividend ETF has a one year low of $135.45 and a one year high of $166.79. The company has a market cap of $23.59 billion, a P/E ratio of 13.69 and a beta of 0.66. The business’s 50-day simple moving average is $158.54 and its 200-day simple moving average is $154.70.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $1.2472 dividend. This represents a $4.99 dividend on an annualized basis and a yield of 3.1%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, June 15th.

iShares Select Dividend ETF Company 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.