HB Wealth Management LLC Grows Stake in iShares Select Dividend ETF $DVY

HB Wealth Management LLC boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 47.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 199,537 shares of the company’s stock after purchasing an additional 64,400 shares during the quarter. HB Wealth Management LLC owned about 0.14% of iShares Select Dividend ETF worth $31,188,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Brighton Jones LLC boosted its position 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 worth $1,603,000 after acquiring an additional 1,524 shares during the last quarter. AQR Capital Management LLC increased its holdings in iShares Select Dividend ETF by 44.7% in the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after acquiring an additional 3,918 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in iShares Select Dividend ETF in the 2nd quarter valued at $34,000. NewEdge Advisors LLC lifted its stake in iShares Select Dividend ETF by 0.4% in the 2nd 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 lifted its stake in iShares Select Dividend ETF by 52.8% in 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 in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 0.4%

DVY opened at $164.25 on Friday. The company has a market capitalization of $23.92 billion, a PE ratio of 13.69 and a beta of 0.66. The firm has a 50-day simple moving average of $162.03 and a two-hundred day simple moving average of $156.41. iShares Select Dividend ETF has a 52 week low of $137.16 and a 52 week high of $167.06.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a yield of 3.0%.

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.