Janney Montgomery Scott LLC Raises Position in iShares Select Dividend ETF $DVY

Janney Montgomery Scott LLC increased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 8.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,781 shares of the company’s stock after purchasing an additional 18,051 shares during the period. Janney Montgomery Scott LLC owned 0.16% of iShares Select Dividend ETF worth $36,154,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Advisory Services Network LLC boosted its position in shares of iShares Select Dividend ETF by 11.8% in the third quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after acquiring an additional 13,536 shares during the last quarter. Park Avenue Securities LLC grew its holdings in iShares Select Dividend ETF by 40.1% in the fourth quarter. Park Avenue Securities LLC now owns 15,733 shares of the company’s stock valued at $2,221,000 after purchasing an additional 4,507 shares during the period. American Wealth Advisors LLC acquired a new position in iShares Select Dividend ETF during the third quarter worth approximately $1,884,000. CIBC Bancorp USA Inc. acquired a new position in iShares Select Dividend ETF during the third quarter worth approximately $8,718,000. Finally, First United Bank & Trust raised its stake in iShares Select Dividend ETF by 7.9% during the fourth quarter. First United Bank & Trust now owns 65,081 shares of the company’s stock worth $9,186,000 after purchasing an additional 4,754 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.2%

Shares of DVY opened at $157.90 on Tuesday. iShares Select Dividend ETF has a fifty-two week low of $131.86 and a fifty-two week high of $160.38. The company’s fifty day moving average is $154.27 and its two-hundred day moving average is $151.27. The firm has a market cap of $23.23 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $1.2472 dividend. The ex-dividend date was Monday, June 15th. This is an increase 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 3.2%.

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.