Mirae Asset Global Investments Co. Ltd. Makes New Investment in iShares Select Dividend ETF $DVY

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,721 shares of the company’s stock, valued at approximately $1,022,000.

A number of other large investors have also recently bought and sold shares of DVY. Envestnet Asset Management Inc. boosted its position in shares of iShares Select Dividend ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,576,255 shares of the company’s stock worth $246,334,000 after acquiring an additional 88,825 shares in the last quarter. Fifth Third Bancorp boosted its stake in iShares Select Dividend ETF by 2.1% in the second quarter. Fifth Third Bancorp now owns 658,941 shares of the company’s stock valued at $102,992,000 after buying an additional 13,257 shares in the last quarter. Cetera Investment Advisers grew its position in iShares Select Dividend ETF by 5.9% in the first quarter. Cetera Investment Advisers now owns 539,922 shares of the company’s stock valued at $81,750,000 after acquiring an additional 29,898 shares during the last quarter. AMG National Trust Bank grew its position in iShares Select Dividend ETF by 2.9% in the first quarter. AMG National Trust Bank now owns 313,946 shares of the company’s stock valued at $47,535,000 after acquiring an additional 8,806 shares during the last quarter. Finally, Sterling Investment Advisors Ltd. raised its stake in iShares Select Dividend ETF by 14.8% during the second quarter. Sterling Investment Advisors Ltd. now owns 305,312 shares of the company’s stock worth $47,720,000 after acquiring an additional 39,312 shares in the last quarter. 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 $160.06 on Monday. The firm has a 50 day simple moving average of $158.91 and a 200 day simple moving average of $156.48. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 14.18 and a beta of 0.68. iShares Select Dividend ETF has a one year low of $137.23 and a one year high of $167.06.

iShares Select Dividend ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Tuesday, September 15th were issued a dividend of $1.3291 per share. This represents a $5.32 annualized dividend and a yield of 3.3%. The ex-dividend date was Tuesday, September 15th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $1.2472.

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.