Hsbc Holdings PLC Purchases 11,741 Shares of iShares Select Dividend ETF $DVY

Hsbc Holdings PLC grew its position in iShares Select Dividend ETF (NASDAQ:DVY) by 336.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,231 shares of the company’s stock after buying an additional 11,741 shares during the quarter. Hsbc Holdings PLC’s holdings in iShares Select Dividend ETF were worth $2,150,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Caitlin John LLC acquired a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $25,000. Elevated Capital Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at $26,000. Ransom Advisory Ltd acquired a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at $27,000. Miller Capital Partners Inc. bought a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $30,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $157.90 on Tuesday. iShares Select Dividend ETF has a 52 week low of $131.86 and a 52 week high of $160.38. The stock has a market capitalization of $23.23 billion, a P/E ratio of 13.69 and a beta of 0.66. The stock has a fifty day moving average of $154.27 and a 200-day moving average of $151.27.

iShares Select Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a $1.2472 dividend. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $1.15. This represents a $4.99 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, June 15th.

About iShares Select Dividend ETF

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.