Readystate Asset Management LP Takes Position in iShares Select Dividend ETF $DVY

Readystate Asset Management LP acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,015 shares of the company’s stock, valued at approximately $608,000.

Other hedge funds have also recently made changes to their positions in the company. Archer Investment Corp raised its position in iShares Select Dividend ETF by 0.9% in the fourth quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock valued at $1,106,000 after purchasing an additional 69 shares during the period. Kingsview Wealth Management LLC boosted its position in shares of iShares Select Dividend ETF by 1.6% during the fourth quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock worth $630,000 after buying an additional 69 shares during the period. Harbor Asset Planning Inc. boosted its position in shares of iShares Select Dividend ETF by 3.4% during the first quarter. Harbor Asset Planning Inc. now owns 2,202 shares of the company’s stock worth $333,000 after buying an additional 72 shares during the period. Journey Advisory Group LLC grew its stake in shares of iShares Select Dividend ETF by 0.8% in the fourth quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock valued at $1,368,000 after buying an additional 75 shares in the last quarter. Finally, Cambridge Advisors Inc. grew its stake in shares of iShares Select Dividend ETF by 2.2% in the first quarter. Cambridge Advisors Inc. now owns 3,525 shares of the company’s stock valued at $534,000 after buying an additional 75 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 1.0%

DVY opened at $163.72 on Thursday. The stock’s 50-day moving average price is $157.61 and its 200 day moving average price is $154.00. iShares Select Dividend ETF has a 12-month low of $132.83 and a 12-month high of $166.79. The firm has a market cap of $23.84 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were issued a $1.2472 dividend. This represents a $4.99 dividend on an annualized basis and a 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 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.