Naples Global Advisors LLC Takes Position in iShares Select Dividend ETF $DVY

Naples Global Advisors LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,003 shares of the company’s stock, valued at approximately $664,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in DVY. Financial Gravity Asset Management Inc. purchased a new position in shares of iShares Select Dividend ETF in the 1st quarter valued at approximately $30,000. IMA Advisory Services Inc. purchased a new position in iShares Select Dividend ETF during the first quarter valued at $34,000. Cypress Capital Management LLC WY purchased a new position in iShares Select Dividend ETF during the first quarter valued at $35,000. First Pacific Financial purchased a new position in iShares Select Dividend ETF during the first quarter valued at $40,000. Finally, IAG Wealth Partners LLC purchased a new position in iShares Select Dividend ETF during the first quarter valued at $54,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.2%

Shares of NASDAQ:DVY opened at $141.99 on Friday. The stock has a fifty day simple moving average of $139.54 and a two-hundred day simple moving average of $133.93. The stock has a market capitalization of $20.82 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $144.09.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were paid a dividend of $1.2465 per share. The ex-dividend date was Tuesday, September 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%.

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.