16,028 Shares in iShares Select Dividend ETF $DVY Purchased by Wealth Care LLC

Wealth Care LLC purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 16,028 shares of the company’s stock, valued at approximately $2,427,000. iShares Select Dividend ETF comprises about 2.2% of Wealth Care LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Select Dividend ETF by 1,771.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after buying an additional 6,044,290 shares during the last quarter. Miller Howard Investments Inc. NY lifted its stake in shares of iShares Select Dividend ETF by 745.9% during the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after acquiring an additional 445,910 shares during the last quarter. Align Financial LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $39,639,000. Bank of America Corp DE boosted its holdings in iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after acquiring an additional 256,434 shares during the period. Finally, Morgan Stanley boosted its holdings in iShares Select Dividend ETF by 3.6% during the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after acquiring an additional 224,125 shares during the period. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 1.0%

Shares of iShares Select Dividend ETF stock opened at $156.30 on Wednesday. The stock’s fifty day moving average is $154.34 and its two-hundred day moving average is $151.36. iShares Select Dividend ETF has a 52 week low of $132.75 and a 52 week high of $160.38. The company has a market capitalization of $22.99 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. 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 dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, June 15th.

iShares Select Dividend ETF 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.