iShares Select Dividend ETF $DVY Shares Purchased by Wealth Management Associates Inc.

Wealth Management Associates Inc. grew its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.2% in the 2nd quarter, Holdings Channel reports. The fund owned 57,651 shares of the company’s stock after buying an additional 1,770 shares during the period. iShares Select Dividend ETF accounts for 3.0% of Wealth Management Associates Inc.’s investment portfolio, making the stock its 7th largest holding. Wealth Management Associates Inc.’s holdings in iShares Select Dividend ETF were worth $7,657,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Kingstone Capital Partners Texas LLC bought a new stake in shares of iShares Select Dividend ETF during the second quarter worth about $178,925,000. Northern Trust Corp grew its holdings in shares of iShares Select Dividend ETF by 6.7% during the first quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock worth $415,433,000 after purchasing an additional 194,941 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of iShares Select Dividend ETF during the first quarter worth about $24,669,000. Yukon Wealth Management Inc. bought a new stake in shares of iShares Select Dividend ETF during the first quarter worth about $21,391,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of iShares Select Dividend ETF by 12.8% during the first quarter. Goldman Sachs Group Inc. now owns 678,028 shares of the company’s stock worth $91,052,000 after purchasing an additional 76,855 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.8%

NASDAQ:DVY opened at $141.34 on Wednesday. The stock has a market cap of $20.71 billion, a P/E ratio of 13.69 and a beta of 0.77. The stock’s 50-day moving average is $141.16 and its 200-day moving average is $135.49. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $144.09.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 19th. Stockholders of record on Tuesday, September 16th were issued a dividend of $1.2465 per share. 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 was Tuesday, September 16th.

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.