Chevy Chase Trust Holdings LLC Makes New $234,000 Investment in iShares Select Dividend ETF $DVY

Chevy Chase Trust Holdings LLC purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, Holdings Channel.com reports. The fund purchased 1,760 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds also recently made changes to their positions in the business. Precedent Wealth Partners LLC grew its stake in shares of iShares Select Dividend ETF by 0.7% in the 2nd quarter. Precedent Wealth Partners LLC now owns 11,185 shares of the company’s stock worth $1,486,000 after purchasing an additional 77 shares during the last quarter. Keudell Morrison Wealth Management grew its stake in shares of iShares Select Dividend ETF by 1.0% in the 2nd quarter. Keudell Morrison Wealth Management now owns 8,224 shares of the company’s stock worth $1,092,000 after purchasing an additional 79 shares during the last quarter. TFC Financial Management Inc. grew its stake in shares of iShares Select Dividend ETF by 2.3% in the 2nd quarter. TFC Financial Management Inc. now owns 3,567 shares of the company’s stock worth $474,000 after purchasing an additional 80 shares during the last quarter. CRA Financial Services LLC grew its stake in shares of iShares Select Dividend ETF by 1.0% in the 2nd quarter. CRA Financial Services LLC now owns 9,620 shares of the company’s stock worth $1,278,000 after purchasing an additional 91 shares during the last quarter. Finally, Fidelity D & D Bancorp Inc. grew its stake in shares of iShares Select Dividend ETF by 5.7% in the 1st quarter. Fidelity D & D Bancorp Inc. now owns 1,729 shares of the company’s stock worth $232,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $141.34 on Wednesday. The firm’s 50 day moving average is $140.85 and its 200-day moving average is $134.71. The stock has a market capitalization of $20.72 billion, a P/E ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were given a $1.2465 dividend. This represents a $4.99 annualized dividend and a dividend yield of 3.5%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend was Tuesday, September 16th.

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.