Wedbush Securities Inc. Raises Position in iShares Select Dividend ETF $DVY

Wedbush Securities Inc. lifted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 57.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,112 shares of the company’s stock after buying an additional 8,417 shares during the quarter. Wedbush Securities Inc.’s holdings in iShares Select Dividend ETF were worth $3,612,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Caitlin John LLC acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter worth $25,000. Miller Capital Partners Inc. purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at about $30,000. Main Street Group LTD acquired a new stake in shares of iShares Select Dividend ETF during the first quarter valued at about $33,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF during the second quarter worth about $34,000. Finally, Jessup Wealth Management Inc acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $163.80 on Friday. iShares Select Dividend ETF has a one year low of $137.16 and a one year high of $167.06. The stock has a 50-day moving average price of $161.27 and a 200 day moving average price of $156.15. The company has a market capitalization of $23.86 billion, a P/E ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were paid a $1.2472 dividend. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th.

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.