Joseph P. Lucia & Associates LLC Has $5.69 Million Stock Position in iShares Select Dividend ETF $DVY

Joseph P. Lucia & Associates LLC increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 15.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,386 shares of the company’s stock after acquiring an additional 4,961 shares during the quarter. iShares Select Dividend ETF comprises approximately 1.7% of Joseph P. Lucia & Associates LLC’s holdings, making the stock its 18th largest holding. Joseph P. Lucia & Associates LLC’s holdings in iShares Select Dividend ETF were worth $5,687,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of DVY. Northwestern Mutual Wealth Management Co. grew its position in iShares Select Dividend ETF by 1,771.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after purchasing an additional 6,044,290 shares during the last quarter. Miller Howard Investments Inc. NY lifted its stake in shares of iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after buying an additional 445,910 shares during the period. Fifth Third Bancorp lifted its stake in shares of iShares Select Dividend ETF by 178.6% in the first quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after buying an additional 413,908 shares during the period. Align Financial LLC acquired a new stake in iShares Select Dividend ETF during the fourth quarter worth about $39,639,000. Finally, Morgan Stanley grew its position in iShares Select Dividend ETF by 3.6% during the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after buying an additional 224,125 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.7%

Shares of DVY opened at $164.28 on Tuesday. The stock’s 50-day moving average price is $159.67 and its 200 day moving average price is $155.40. The firm has a market capitalization of $23.93 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 12-month low of $137.16 and a 12-month high of $166.79.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Monday, June 15th were given a dividend of $1.2472 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, June 15th.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.