iShares Select Dividend ETF $DVY Stake Raised by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 156,352 shares of the company’s stock after acquiring an additional 7,255 shares during the quarter. Franklin Resources Inc. owned 0.11% of iShares Select Dividend ETF worth $20,765,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DVY. Cove Private Wealth LLC grew its holdings in shares of iShares Select Dividend ETF by 64.6% during the 2nd quarter. Cove Private Wealth LLC now owns 8,280 shares of the company’s stock valued at $1,100,000 after acquiring an additional 3,250 shares in the last quarter. Courage Miller Partners LLC boosted its position in iShares Select Dividend ETF by 28.6% during the second quarter. Courage Miller Partners LLC now owns 2,795 shares of the company’s stock valued at $371,000 after purchasing an additional 621 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its position in iShares Select Dividend ETF by 25.5% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 5,590 shares of the company’s stock worth $768,000 after purchasing an additional 1,136 shares during the last quarter. Worth Financial Advisory Group LLC raised its stake in shares of iShares Select Dividend ETF by 29.0% during the 2nd quarter. Worth Financial Advisory Group LLC now owns 2,777 shares of the company’s stock worth $369,000 after purchasing an additional 625 shares in the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $915,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $143.00 on Friday. The business has a 50 day simple moving average of $140.72 and a 200 day simple moving average of $137.38. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The stock has a market cap of $20.94 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were given a $1.2465 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 annualized dividend and a yield of 3.5%. 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.