Hyposwiss Advisors SA Invests $660,000 in iShares Select Dividend ETF $DVY

Hyposwiss Advisors SA purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,675 shares of the company’s stock, valued at approximately $660,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Archer Investment Corp raised its stake in shares of iShares Select Dividend ETF by 0.9% during the 4th quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock worth $1,106,000 after purchasing an additional 69 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of iShares Select Dividend ETF by 1.6% during the 4th quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock worth $630,000 after purchasing an additional 69 shares in the last quarter. Romano Brothers AND Company raised its stake in shares of iShares Select Dividend ETF by 0.7% during the 4th quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock worth $1,415,000 after purchasing an additional 70 shares in the last quarter. Compound Planning Inc. raised its stake in shares of iShares Select Dividend ETF by 2.7% during the 3rd quarter. Compound Planning Inc. now owns 2,785 shares of the company’s stock worth $396,000 after purchasing an additional 74 shares in the last quarter. Finally, Journey Advisory Group LLC raised its stake in shares of iShares Select Dividend ETF by 0.8% during the 4th quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock worth $1,368,000 after purchasing an additional 75 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

DVY opened at $153.70 on Thursday. iShares Select Dividend ETF has a fifty-two week low of $129.36 and a fifty-two week high of $160.38. The business has a 50-day moving average of $153.77 and a 200-day moving average of $150.50. The company has a market capitalization of $22.61 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Stockholders of record on Monday, June 15th will be paid a dividend of $1.2472 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend is Monday, June 15th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.2%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.