Greenwood Capital Associates LLC Takes $1.02 Million Position in iShares Select Dividend ETF $DVY

Greenwood Capital Associates LLC purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 7,653 shares of the company’s stock, valued at approximately $1,016,000.

Several other large investors also recently added to or reduced their stakes in DVY. Northern Trust Corp lifted its stake in iShares Select Dividend ETF by 6.7% in the first quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock worth $415,433,000 after acquiring an additional 194,941 shares during the period. LPL Financial LLC increased its holdings in iShares Select Dividend ETF by 1.1% during the first quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after buying an additional 16,803 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in iShares Select Dividend ETF during the second quarter valued at approximately $178,925,000. Raymond James Financial Inc. increased its holdings in iShares Select Dividend ETF by 2.1% during the first quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock valued at $163,204,000 after buying an additional 24,643 shares during the period. Finally, Truist Financial Corp boosted its position in iShares Select Dividend ETF by 1.4% during the 2nd quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock valued at $154,820,000 after acquiring an additional 15,783 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $143.11 on Friday. The stock has a market capitalization of $21.04 billion, a P/E ratio of 13.69 and a beta of 0.87. The business has a fifty day moving average price of $139.64 and a 200 day moving average price of $134.00. 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, September 19th. Shareholders of record on Tuesday, September 16th were paid a $1.2465 dividend. This represents a $4.99 annualized dividend and a yield of 3.5%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date was Tuesday, September 16th.

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.