Tempo Wealth LLC Takes $1.43 Million Position in iShares Select Dividend ETF $DVY

Tempo Wealth LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 10,129 shares of the company’s stock, valued at approximately $1,430,000.

A number of other large investors have also added to or reduced their stakes in DVY. Caitlin John LLC bought a new position in iShares Select Dividend ETF during the 4th quarter worth $25,000. Elevated Capital Advisors LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at $26,000. Ransom Advisory Ltd acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $27,000. Miller Capital Partners Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $30,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $153.30 on Friday. The stock has a market capitalization of $22.55 billion, a P/E ratio of 13.69 and a beta of 0.66. The stock’s fifty day moving average is $153.80 and its 200 day moving average is $150.56. iShares Select Dividend ETF has a 52 week low of $129.94 and a 52 week high of $160.38.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date was Monday, June 15th. This is a positive change 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 3.3%.

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.