Monterey Private Wealth Inc. Has $470,000 Position in iShares Select Dividend ETF $DVY

Monterey Private Wealth Inc. reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 3.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,498 shares of the company’s stock after selling 132 shares during the period. Monterey Private Wealth Inc.’s holdings in iShares Select Dividend ETF were worth $470,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of iShares Select Dividend ETF by 5.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 200,247 shares of the company’s stock valued at $26,891,000 after purchasing an additional 9,632 shares in the last quarter. Bessemer Group Inc. raised its holdings in iShares Select Dividend ETF by 350.4% in the 1st quarter. Bessemer Group Inc. now owns 12,899 shares of the company’s stock valued at $1,733,000 after buying an additional 10,035 shares during the last quarter. GAMMA Investing LLC raised its holdings in iShares Select Dividend ETF by 549.1% in the 1st quarter. GAMMA Investing LLC now owns 1,506 shares of the company’s stock valued at $202,000 after buying an additional 1,274 shares during the last quarter. Millstone Evans Group LLC raised its holdings in iShares Select Dividend ETF by 89.4% in the 1st quarter. Millstone Evans Group LLC now owns 517 shares of the company’s stock valued at $69,000 after buying an additional 244 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its holdings in iShares Select Dividend ETF by 8.8% in the 1st quarter. Kestra Private Wealth Services LLC now owns 7,738 shares of the company’s stock valued at $1,039,000 after buying an additional 628 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $141.94 on Thursday. The company has a 50 day simple moving average of $136.15 and a 200 day simple moving average of $132.83. The firm has a market cap of $20.81 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were given a dividend of $1.2333 per share. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.93 dividend on an annualized basis and a yield of 3.5%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.93.

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.