iShares Select Dividend ETF (NASDAQ:DVY) Shares Up 3.4% After Dividend Announcement

Shares of iShares Select Dividend ETF (NASDAQ:DVY) shot up 3.4% on Wednesday following a dividend announcement from the company. The company traded as high as $69.62 and last traded at $71.91, 27,183 shares traded hands during mid-day trading. A decline of 98% from the average session volume of 1,121,694 shares. The stock had previously closed at $69.52.

The newly announced dividend which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a $0.9467 dividend. This represents a $3.79 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Wednesday, March 25th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.89.

The company’s 50 day moving average price is $92.08 and its 200 day moving average price is $100.64.

Institutional investors and hedge funds have recently made changes to their positions in the company. High Falls Advisors Inc increased its holdings in shares of iShares Select Dividend ETF by 4.1% in the 3rd quarter. High Falls Advisors Inc now owns 203,210 shares of the company’s stock valued at $20,717,000 after purchasing an additional 8,078 shares in the last quarter. Colony Group LLC increased its holdings in shares of iShares Select Dividend ETF by 2.2% in the 3rd quarter. Colony Group LLC now owns 11,144 shares of the company’s stock valued at $1,136,000 after purchasing an additional 240 shares in the last quarter. Hudock Capital Group LLC increased its holdings in shares of iShares Select Dividend ETF by 26.2% in the 4th quarter. Hudock Capital Group LLC now owns 905 shares of the company’s stock valued at $95,000 after purchasing an additional 188 shares in the last quarter. Evercore Wealth Management LLC increased its holdings in shares of iShares Select Dividend ETF by 0.7% in the 4th quarter. Evercore Wealth Management LLC now owns 43,888 shares of the company’s stock valued at $4,637,000 after purchasing an additional 324 shares in the last quarter. Finally, NTV Asset Management LLC increased its holdings in shares of iShares Select Dividend ETF by 8.9% in the 4th quarter. NTV Asset Management LLC now owns 130,430 shares of the company’s stock valued at $13,781,000 after purchasing an additional 10,710 shares in the last quarter.

About iShares Select Dividend ETF (NASDAQ:DVY)

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.

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