iShares Select Dividend ETF (NASDAQ:DVY) Shares Acquired by Darden Wealth Group Inc

Darden Wealth Group Inc lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 4.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,884 shares of the company’s stock after buying an additional 778 shares during the period. iShares Select Dividend ETF makes up about 1.8% of Darden Wealth Group Inc’s holdings, making the stock its 12th biggest holding. Darden Wealth Group Inc’s holdings in iShares Select Dividend ETF were worth $2,267,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Transamerica Financial Advisors Inc. acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at $27,000. Financial Gravity Asset Management Inc. acquired a new stake in iShares Select Dividend ETF in the 1st quarter valued at $30,000. Millstone Evans Group LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at about $36,000. Murphy & Mullick Capital Management Corp purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at about $40,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at about $40,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.6%

NASDAQ:DVY traded up $0.85 on Friday, reaching $135.87. The stock had a trading volume of 38,507 shares, compared to its average volume of 447,163. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09. The company has a 50-day moving average of $132.52 and a 200 day moving average of $131.95. The stock has a market cap of $20.10 billion, a P/E ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Monday, June 16th were given a dividend of $1.2333 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.93 annualized dividend and a dividend yield of 3.63%.

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.