Spartan Wealth Advisory Services LLC Acquires New Position in iShares Select Dividend ETF $DVY

Spartan Wealth Advisory Services LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,485 shares of the company’s stock, valued at approximately $528,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. Park Avenue Securities LLC increased its position in shares of iShares Select Dividend ETF by 40.1% during the fourth quarter. Park Avenue Securities LLC now owns 15,733 shares of the company’s stock worth $2,221,000 after acquiring an additional 4,507 shares during the period. Greenwood Capital Associates LLC boosted its holdings in iShares Select Dividend ETF by 187.8% in the fourth quarter. Greenwood Capital Associates LLC now owns 21,787 shares of the company’s stock valued at $3,075,000 after purchasing an additional 14,217 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in iShares Select Dividend ETF by 7.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 57,419 shares of the company’s stock valued at $8,104,000 after purchasing an additional 4,008 shares during the period. First United Bank & Trust grew its stake in iShares Select Dividend ETF by 7.9% during the 4th 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 in the last quarter. Finally, ASL Financial LLC acquired a new position in iShares Select Dividend ETF during the 4th quarter worth $807,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $161.83 on Monday. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The stock’s 50-day moving average is $155.98 and its two-hundred day moving average is $152.90. iShares Select Dividend ETF has a 1-year low of $132.83 and a 1-year high of $164.73.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $1.2472 per share. This is a boost 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 3.1%. 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.