Rede Wealth LLC Buys Shares of 38,710 iShares Select Dividend ETF $DVY

Rede Wealth LLC bought a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 38,710 shares of the company’s stock, valued at approximately $5,501,000. iShares Select Dividend ETF makes up approximately 4.3% of Rede Wealth LLC’s investment portfolio, making the stock its 5th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DVY. Parvin Asset Management LLC bought a new stake in iShares Select Dividend ETF in the 2nd quarter worth about $27,000. Financial Gravity Companies Inc. bought a new position in iShares Select Dividend ETF during the 2nd quarter valued at about $29,000. Total Investment Management Inc. purchased a new stake in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $29,000. Kilter Group LLC bought a new stake in shares of iShares Select Dividend ETF in the second quarter worth approximately $31,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF in the second quarter worth approximately $34,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.0%

Shares of iShares Select Dividend ETF stock opened at $142.62 on Friday. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $145.03. The company’s 50 day moving average is $141.30 and its 200 day moving average is $139.02. The company has a market cap of $20.88 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Tuesday, December 16th were paid a $1.6162 dividend. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. The ex-dividend date was Tuesday, December 16th. This represents a $6.46 dividend on an annualized basis and a dividend yield of 4.5%.

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.