Maloon Powers Pitre Higgins & Dennehy LLC Invests $3.23 Million in iShares Select Dividend ETF $DVY

Maloon Powers Pitre Higgins & Dennehy LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, according to its most recent disclosure with the SEC. The firm purchased 20,674 shares of the company’s stock, valued at approximately $3,231,000. iShares Select Dividend ETF makes up approximately 1.1% of Maloon Powers Pitre Higgins & Dennehy LLC’s holdings, making the stock its 21st biggest holding.

Several other large investors also recently bought and sold shares of DVY. Caitlin John LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth approximately $25,000. Miller Capital Partners Inc. acquired a new stake in iShares Select Dividend ETF during the 4th quarter worth $30,000. Main Street Group LTD purchased a new stake in shares of iShares Select Dividend ETF during the first quarter worth $33,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF during the second quarter worth $34,000. Finally, Jessup Wealth Management Inc acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at about $38,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.4%

DVY opened at $164.25 on Friday. iShares Select Dividend ETF has a twelve month low of $137.16 and a twelve month high of $167.06. The firm has a market capitalization of $23.92 billion, a PE ratio of 13.69 and a beta of 0.66. The firm’s 50-day moving average price is $162.03 and its 200 day moving average price is $156.41.

iShares Select Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a $1.2472 dividend. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.0%. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date was Monday, June 15th.

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.