Cetera Investment Advisers Increases Stake in iShares Select Dividend ETF $DVY

Cetera Investment Advisers raised its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 5.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 539,922 shares of the company’s stock after purchasing an additional 29,898 shares during the quarter. Cetera Investment Advisers owned 0.37% of iShares Select Dividend ETF worth $81,750,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Archer Investment Corp grew its holdings in shares of iShares Select Dividend ETF by 0.9% during the fourth quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock valued at $1,106,000 after buying an additional 69 shares during the last quarter. Kingsview Wealth Management LLC raised its holdings in iShares Select Dividend ETF by 1.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock worth $630,000 after acquiring an additional 69 shares during the last quarter. Romano Brothers AND Company raised its holdings in iShares Select Dividend ETF by 0.7% in the 4th quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock worth $1,415,000 after acquiring an additional 70 shares during the last quarter. Harbor Asset Planning Inc. lifted its position in iShares Select Dividend ETF by 3.4% in the 1st quarter. Harbor Asset Planning Inc. now owns 2,202 shares of the company’s stock valued at $333,000 after acquiring an additional 72 shares in the last quarter. Finally, Journey Advisory Group LLC boosted its stake in iShares Select Dividend ETF by 0.8% during the 4th quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock valued at $1,368,000 after purchasing an additional 75 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.7%

iShares Select Dividend ETF stock opened at $160.88 on Friday. The firm has a market cap of $23.65 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The stock has a fifty day simple moving average of $156.69 and a two-hundred day simple moving average of $153.44. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $164.73.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, June 15th were given a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a dividend yield of 3.1%. 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.

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.