AlTi Global Inc. Acquires 14,800 Shares of iShares Select Dividend ETF $DVY

AlTi Global Inc. raised its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 22.9% during the first quarter, HoldingsChannel reports. The firm owned 79,441 shares of the company’s stock after acquiring an additional 14,800 shares during the quarter. AlTi Global Inc.’s holdings in iShares Select Dividend ETF were worth $12,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. lifted its position in shares of iShares Select Dividend ETF by 1,771.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after buying an additional 6,044,290 shares during the last quarter. Miller Howard Investments Inc. NY boosted its stake in shares of iShares Select Dividend ETF by 745.9% in the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after purchasing an additional 445,910 shares in the last quarter. Fifth Third Bancorp grew its holdings in shares of iShares Select Dividend ETF by 178.6% during the 1st quarter. Fifth Third Bancorp now owns 645,684 shares of the company’s stock valued at $97,763,000 after purchasing an additional 413,908 shares during the last quarter. Align Financial LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $39,639,000. Finally, Morgan Stanley increased its position in iShares Select Dividend ETF by 3.6% during the 4th quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock worth $918,369,000 after purchasing an additional 224,125 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $161.83 on Monday. The company has a market cap of $23.78 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66. The firm has a 50 day simple moving average of $155.98 and a 200 day simple moving average of $152.90. iShares Select Dividend ETF has a one year low of $132.83 and a one year high of $164.73.

iShares Select Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were paid a dividend of $1.2472 per share. The ex-dividend date of this dividend was Monday, June 15th. 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 dividend yield of 3.1%.

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.