Keudell Morrison Wealth Management Acquires 79 Shares of iShares Select Dividend ETF $DVY

Keudell Morrison Wealth Management boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.0% in the 2nd quarter, Holdings Channel reports. The firm owned 8,224 shares of the company’s stock after buying an additional 79 shares during the period. Keudell Morrison Wealth Management’s holdings in iShares Select Dividend ETF were worth $1,092,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DVY. Brighton Jones LLC lifted its stake in iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after purchasing an additional 1,524 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in iShares Select Dividend ETF by 113.4% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 414 shares of the company’s stock worth $56,000 after purchasing an additional 220 shares during the last quarter. Procyon Advisors LLC increased its holdings in shares of iShares Select Dividend ETF by 11.5% during the first quarter. Procyon Advisors LLC now owns 3,608 shares of the company’s stock worth $485,000 after buying an additional 372 shares in the last quarter. Pines Wealth Management LLC increased its holdings in shares of iShares Select Dividend ETF by 28.0% during the first quarter. Pines Wealth Management LLC now owns 3,572 shares of the company’s stock worth $480,000 after buying an additional 782 shares in the last quarter. Finally, Rockwood Wealth Management LLC increased its holdings in shares of iShares Select Dividend ETF by 54.0% during the first quarter. Rockwood Wealth Management LLC now owns 4,251 shares of the company’s stock worth $571,000 after buying an additional 1,491 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $143.11 on Friday. The company has a fifty day moving average of $139.64 and a 200-day moving average of $134.00. The company has a market capitalization of $21.04 billion, a PE ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business 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 a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date 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.