Addison Capital Co Purchases New Holdings in iShares Select Dividend ETF $DVY

Addison Capital Co acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the first quarter, Holdings Channel.com reports. The institutional investor acquired 11,368 shares of the company’s stock, valued at approximately $1,721,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of iShares Select Dividend ETF by 14.3% in the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after purchasing an additional 1,524 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after buying an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF in the second quarter valued at approximately $34,000. NewEdge Advisors LLC raised its stake in shares of iShares Select Dividend ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after acquiring an additional 326 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of iShares Select Dividend ETF by 52.8% in the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after acquiring an additional 8,479 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $159.81 on Wednesday. The firm has a market cap of $23.42 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a one year low of $132.83 and a one year high of $161.01. The stock’s 50 day simple moving average is $154.94 and its 200 day simple moving average is $151.90.

iShares Select Dividend ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a $1.2472 dividend. This is an increase 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 3.1%. The ex-dividend date of this dividend 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.