Stonebridge Advisors LLC Takes $553.07 Million Position in iShares Select Dividend ETF $DVY

Stonebridge Advisors LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,071 shares of the company’s stock, valued at approximately $553,074,000. iShares Select Dividend ETF makes up 0.7% of Stonebridge Advisors LLC’s investment portfolio, making the stock its 3rd largest holding.

Several other institutional investors have also recently bought and sold shares of the stock. Caitlin John LLC bought a new position in iShares Select Dividend ETF in the 4th quarter valued at $25,000. Elevated Capital Advisors LLC bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $26,000. Miller Capital Partners Inc. acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at $30,000. Main Street Group LTD acquired a new position in shares of iShares Select Dividend ETF during the first quarter valued at $33,000. Finally, Qube Research & Technologies Ltd bought a new position in iShares Select Dividend ETF in the second quarter valued at about $34,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.4%

iShares Select Dividend ETF stock opened at $161.07 on Friday. The business’s 50-day simple moving average is $158.40 and its 200 day simple moving average is $154.65. The stock has a market cap of $23.46 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 $134.72 and a 12-month high of $166.79.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $1.2472 per share. This represents a $4.99 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, June 15th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

About iShares Select Dividend ETF

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.