Summit Wealth Partners LLC Buys 12,063 Shares of iShares Select Dividend ETF $DVY

Summit Wealth Partners LLC boosted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 74.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,187 shares of the company’s stock after buying an additional 12,063 shares during the quarter. Summit Wealth Partners LLC’s holdings in iShares Select Dividend ETF were worth $4,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of DVY. Bank of America Corp DE grew its holdings in iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after purchasing an additional 256,434 shares during the last quarter. Morgan Stanley lifted its stake in iShares Select Dividend ETF by 3.6% in the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after purchasing an additional 224,125 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of iShares Select Dividend ETF by 1,771.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after buying an additional 6,044,290 shares during the period. Wells Fargo & Company MN boosted its position in shares of iShares Select Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock valued at $537,455,000 after buying an additional 69,658 shares during the period. Finally, Royal Bank of Canada grew its stake in shares of iShares Select Dividend ETF by 3.9% during the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock valued at $433,832,000 after buying an additional 114,490 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY opened at $154.15 on Tuesday. The stock’s 50 day moving average price is $153.82 and its 200-day moving average price is $150.73. iShares Select Dividend ETF has a one year low of $129.94 and a one year high of $160.38. The stock has a market cap of $22.68 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $1.2472 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Monday, June 15th. This represents a $4.99 annualized dividend and a yield of 3.2%.

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.