Addison Advisors LLC Grows Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Addison Advisors LLC raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 107.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232 shares of the company’s stock after purchasing an additional 120 shares during the period. Addison Advisors LLC’s holdings in iShares Select Dividend ETF were worth $28,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Johnson Financial Group Inc. lifted its holdings in iShares Select Dividend ETF by 20.0% in the 4th quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock valued at $897,000 after purchasing an additional 1,278 shares in the last quarter. Capital Asset Advisory Services LLC lifted its holdings in shares of iShares Select Dividend ETF by 1.5% during the 1st quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock worth $894,000 after acquiring an additional 107 shares during the period. Dodds Wealth LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter worth about $909,000. Brookstone Capital Management lifted its holdings in shares of iShares Select Dividend ETF by 3.9% during the 1st quarter. Brookstone Capital Management now owns 2,752 shares of the company’s stock worth $339,000 after acquiring an additional 103 shares during the period. Finally, NBC Securities Inc. lifted its holdings in shares of iShares Select Dividend ETF by 2.2% during the 1st quarter. NBC Securities Inc. now owns 14,097 shares of the company’s stock worth $1,736,000 after acquiring an additional 299 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $131.21 on Friday. The firm has a market cap of $19.50 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $134.39. The firm’s 50-day simple moving average is $127.66 and its 200-day simple moving average is $123.06.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were issued a dividend of $0.9304 per share. The ex-dividend date of this dividend was Tuesday, June 11th. This represents a $3.72 annualized dividend and a dividend yield of 2.84%.

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.