Rodgers Brothers Inc. Acquires Shares of 2,422 iShares Select Dividend ETF (NASDAQ:DVY)

Rodgers Brothers Inc. acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,422 shares of the company’s stock, valued at approximately $298,000.

A number of other hedge funds have also recently modified their holdings of DVY. Johnson Financial Group Inc. grew its position in iShares Select Dividend ETF by 20.0% during the fourth quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock valued at $897,000 after buying an additional 1,278 shares during the period. TIAA Trust National Association grew its position in shares of iShares Select Dividend ETF by 4.7% during the 4th quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock valued at $1,140,000 after acquiring an additional 437 shares during the period. Park Place Capital Corp grew its position in shares of iShares Select Dividend ETF by 1.6% during the 4th quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock valued at $984,000 after acquiring an additional 129 shares during the period. Capital Asset Advisory Services LLC increased its stake in shares of iShares Select Dividend ETF by 1.5% in the 1st quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock valued at $894,000 after purchasing an additional 107 shares in the last quarter. Finally, Ledge Wealth Management Inc. acquired a new position in iShares Select Dividend ETF in the 4th quarter worth about $202,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 1.0 %

NASDAQ:DVY traded up $1.32 during trading hours on Friday, reaching $129.49. 446,454 shares of the company were exchanged, compared to its average volume of 507,500. The firm has a market cap of $19.39 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $129.66. The stock’s 50-day moving average is $122.78 and its 200-day moving average is $119.98.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a $0.9304 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Tuesday, June 11th.

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.