Principle Wealth Partners LLC Has $5.72 Million Stock Holdings in iShares Select Dividend ETF $DVY

Principle Wealth Partners LLC raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 12.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 43,065 shares of the company’s stock after buying an additional 4,667 shares during the quarter. Principle Wealth Partners LLC’s holdings in iShares Select Dividend ETF were worth $5,719,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Northern Trust Corp raised its holdings in iShares Select Dividend ETF by 6.7% in the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock valued at $415,433,000 after acquiring an additional 194,941 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares Select Dividend ETF by 1.1% during the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock worth $216,637,000 after buying an additional 16,803 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth $178,925,000. Raymond James Financial Inc. raised its holdings in shares of iShares Select Dividend ETF by 2.1% during the 1st quarter. Raymond James Financial Inc. now owns 1,215,308 shares of the company’s stock worth $163,204,000 after buying an additional 24,643 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in shares of iShares Select Dividend ETF by 1.4% during the 2nd quarter. Truist Financial Corp now owns 1,165,722 shares of the company’s stock worth $154,820,000 after buying an additional 15,783 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $141.25 on Thursday. 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 capitalization of $20.71 billion, a P/E ratio of 13.69 and a beta of 0.87. The stock has a fifty day moving average of $140.89 and a 200-day moving average of $134.75.

iShares Select Dividend ETF Increases Dividend

The firm 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 is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. The ex-dividend date of this dividend was Tuesday, September 16th. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.5%.

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.