Purkiss Capital Advisors LLC Buys 1,660 Shares of iShares Select Dividend ETF $DVY

Purkiss Capital Advisors LLC boosted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 102.6% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,278 shares of the company’s stock after buying an additional 1,660 shares during the period. Purkiss Capital Advisors LLC’s holdings in iShares Select Dividend ETF were worth $435,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new position in shares of iShares Select Dividend ETF during the second quarter valued at $178,925,000. Northern Trust Corp grew its position in iShares Select Dividend ETF by 6.7% during the 1st quarter. Northern Trust Corp now owns 3,093,549 shares of the company’s stock valued at $415,433,000 after purchasing an additional 194,941 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in iShares Select Dividend ETF during the 1st quarter valued at about $24,669,000. Yukon Wealth Management Inc. purchased a new position in iShares Select Dividend ETF in the first quarter worth about $21,391,000. Finally, Goldman Sachs Group Inc. raised its holdings in iShares Select Dividend ETF by 12.8% in the first quarter. Goldman Sachs Group Inc. now owns 678,028 shares of the company’s stock worth $91,052,000 after buying an additional 76,855 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.1%

NASDAQ:DVY opened at $142.47 on Tuesday. The stock has a market cap of $20.88 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. The company’s 50 day moving average price is $141.12 and its 200-day moving average price is $135.36. 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 firm also recently announced 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 represents a $4.99 annualized dividend and a yield of 3.5%. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

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.