XML Financial LLC Has $1.32 Million Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

XML Financial LLC lowered its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 10.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,816 shares of the company’s stock after selling 1,119 shares during the quarter. XML Financial LLC’s holdings in iShares Select Dividend ETF were worth $1,318,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Transamerica Financial Advisors Inc. acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at approximately $27,000. Millstone Evans Group LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth approximately $36,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth approximately $40,000. Mpwm Advisory Solutions LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth approximately $40,000. Finally, Marshall Investment Management LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.3%

Shares of DVY stock opened at $130.34 on Monday. The stock has a 50 day moving average of $129.83 and a two-hundred day moving average of $131.86. iShares Select Dividend ETF has a 12 month low of $115.94 and a 12 month high of $144.09. The company has a market capitalization of $19.28 billion, a P/E ratio of 15.12 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were given a $1.2333 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.93 dividend on an annualized basis and a dividend yield of 3.78%. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $0.93.

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.