Wealth Quarterback LLC Grows Holdings in iShares Select Dividend ETF $DVY

Wealth Quarterback LLC increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,938 shares of the company’s stock after buying an additional 1,493 shares during the quarter. iShares Select Dividend ETF accounts for approximately 2.2% of Wealth Quarterback LLC’s investment portfolio, making the stock its 9th largest position. Wealth Quarterback LLC’s holdings in iShares Select Dividend ETF were worth $4,640,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Millstone Evans Group LLC grew its position in shares of iShares Select Dividend ETF by 89.4% in the 1st quarter. Millstone Evans Group LLC now owns 517 shares of the company’s stock valued at $69,000 after buying an additional 244 shares during the last quarter. Cove Private Wealth LLC lifted its stake in shares of iShares Select Dividend ETF by 64.6% in the second quarter. Cove Private Wealth LLC now owns 8,280 shares of the company’s stock worth $1,100,000 after acquiring an additional 3,250 shares during the period. Courage Miller Partners LLC lifted its stake in shares of iShares Select Dividend ETF by 28.6% in the second quarter. Courage Miller Partners LLC now owns 2,795 shares of the company’s stock worth $371,000 after acquiring an additional 621 shares during the period. Worth Financial Advisory Group LLC boosted its holdings in iShares Select Dividend ETF by 29.0% in the second quarter. Worth Financial Advisory Group LLC now owns 2,777 shares of the company’s stock valued at $369,000 after acquiring an additional 625 shares during the last quarter. Finally, Astoria Portfolio Advisors LLC. increased its position in iShares Select Dividend ETF by 25.5% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 5,590 shares of the company’s stock valued at $768,000 after purchasing an additional 1,136 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $141.80 on Wednesday. The firm has a market cap of $20.76 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $144.09. The firm has a 50 day moving average price of $140.86 and a two-hundred day moving average price of $136.52.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Tuesday, September 16th were issued a dividend of $1.2465 per share. This represents a $4.99 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, September 16th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.23.

iShares Select Dividend ETF Company 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.