Prospera Financial Services Inc Grows Holdings in iShares Select Dividend ETF $DVY

Prospera Financial Services Inc lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 33.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 42,016 shares of the company’s stock after purchasing an additional 10,539 shares during the period. Prospera Financial Services Inc’s holdings in iShares Select Dividend ETF were worth $5,971,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of DVY. Parvin Asset Management LLC purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $27,000. Financial Gravity Companies Inc. acquired a new stake in iShares Select Dividend ETF in the second quarter valued at approximately $29,000. Total Investment Management Inc. acquired a new stake in iShares Select Dividend ETF in the second quarter valued at approximately $29,000. Kilter Group LLC purchased a new stake in shares of iShares Select Dividend ETF in the second quarter valued at approximately $31,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth approximately $34,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $155.77 on Wednesday. The business’s 50 day moving average price is $145.88 and its 200-day moving average price is $142.14. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $156.12. The firm has a market capitalization of $22.72 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were issued a dividend of $1.6162 per share. The ex-dividend date of this dividend was Tuesday, December 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.25. This represents a $6.46 annualized dividend and a yield of 4.2%.

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.