Global Retirement Partners LLC Makes New Investment in iShares Select Dividend ETF $DVY

Global Retirement Partners LLC acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 14,343 shares of the company’s stock, valued at approximately $2,242,000.

Other hedge funds have also recently bought and sold shares of the company. Caitlin John LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $26,000. Miller Capital Partners Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $30,000. Main Street Group LTD bought a new position in iShares Select Dividend ETF in the first quarter valued at approximately $33,000. Finally, Qube Research & Technologies Ltd bought a new position in iShares Select Dividend ETF in the second quarter valued at approximately $34,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $165.50 on Monday. iShares Select Dividend ETF has a one year low of $137.16 and a one year high of $166.79. The company has a market cap of $24.11 billion, a P/E ratio of 13.69 and a beta of 0.66. The firm has a 50 day simple moving average of $159.47 and a two-hundred day simple moving average of $155.30.

iShares Select Dividend ETF Increases Dividend

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

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.