Miracle Mile Advisors LLC Has $4.12 Million Stock Holdings in iShares Select Dividend ETF $DVY

Miracle Mile Advisors LLC boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,968 shares of the company’s stock after purchasing an additional 4,324 shares during the period. Miracle Mile Advisors LLC’s holdings in iShares Select Dividend ETF were worth $4,116,000 as of its most recent SEC filing.

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

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $141.14 on Friday. The firm has a fifty day moving average of $141.33 and a two-hundred day moving average of $139.24. The stock has a market capitalization of $20.66 billion, a price-to-earnings ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $145.03.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 19th. Shareholders of record on Tuesday, December 16th were paid a $1.6162 dividend. 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 4.6%.

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.