iShares Select Dividend ETF $DVY Stock Position Lifted by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. grew its position in iShares Select Dividend ETF (NASDAQ:DVY) by 14.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 305,312 shares of the company’s stock after purchasing an additional 39,312 shares during the quarter. iShares Select Dividend ETF makes up about 7.3% of Sterling Investment Advisors Ltd.’s investment portfolio, making the stock its largest holding. Sterling Investment Advisors Ltd.’s holdings in iShares Select Dividend ETF were worth $47,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DVY. Caitlin John LLC bought a new position in iShares Select Dividend ETF in the 4th quarter worth $25,000. Miller Capital Partners Inc. bought a new stake in iShares Select Dividend ETF during the fourth quarter valued at about $30,000. Main Street Group LTD bought a new stake in iShares Select Dividend ETF during the first quarter valued at about $33,000. Qube Research & Technologies Ltd purchased a new position in shares of iShares Select Dividend ETF in the second quarter valued at about $34,000. Finally, Jessup Wealth Management Inc purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at about $38,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.6%

NASDAQ DVY opened at $163.31 on Wednesday. The stock’s 50 day moving average is $162.29 and its 200 day moving average is $156.50. iShares Select Dividend ETF has a 12 month low of $137.16 and a 12 month high of $167.06. The stock has a market cap of $23.79 billion, a PE ratio of 13.69 and a beta of 0.66.

iShares Select Dividend ETF Increases Dividend

The business 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. The ex-dividend date was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 annualized dividend and a dividend yield of 3.1%.

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.