280,846 Shares in iShares Select Dividend ETF $DVY Bought by Align Financial LLC

Align Financial LLC acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 280,846 shares of the company’s stock, valued at approximately $39,639,000.

Several other large investors have also modified their holdings of DVY. Elevated Capital Advisors LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $26,000. Ransom Advisory Ltd bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $27,000. Miller Capital Partners Inc. acquired a new position in iShares Select Dividend ETF during the 4th quarter valued at $30,000. Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF during the 2nd quarter valued at $34,000. Finally, Headlands Technologies LLC acquired a new position in iShares Select Dividend ETF during the 2nd quarter valued at $38,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $153.70 on Thursday. The stock has a market cap of $22.61 billion, a P/E ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a one year low of $129.36 and a one year high of $160.38. The company has a fifty day moving average price of $153.77 and a 200 day moving average price of $150.50.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Monday, June 15th will be paid a dividend of $1.2472 per share. This represents a $4.99 annualized dividend and a yield of 3.2%. The ex-dividend date is Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.