West Tower Group LLC Makes New $1.73 Million Investment in iShares Select Dividend ETF $DVY

West Tower Group LLC purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,000 shares of the company’s stock, valued at approximately $1,727,000. iShares Select Dividend ETF makes up about 3.7% of West Tower Group LLC’s portfolio, making the stock its 6th largest holding.

A number of other large investors have also modified their holdings of the stock. Northern Trust Corp grew its stake 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 worth $415,433,000 after purchasing an additional 194,941 shares in the last quarter. LPL Financial LLC boosted its stake in shares of iShares Select Dividend ETF by 1.1% in the 1st quarter. LPL Financial LLC now owns 1,613,201 shares of the company’s stock valued at $216,637,000 after buying an additional 16,803 shares during the period. Kingstone Capital Partners Texas LLC purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $178,925,000. Raymond James Financial Inc. increased its stake in shares of iShares Select Dividend ETF by 2.1% during the first 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 during the period. Finally, Truist Financial Corp increased its stake in shares of iShares Select Dividend ETF by 1.4% during the second 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 during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.7%

Shares of iShares Select Dividend ETF stock opened at $140.19 on Monday. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The company has a 50 day moving average of $140.66 and a 200 day moving average of $134.52. The company has a market capitalization of $20.63 billion, a P/E ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 19th. Investors 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 an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.6%.

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.