iShares Select Dividend ETF $DVY Holdings Lifted by American Wealth Advisors LLC

American Wealth Advisors LLC grew its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 34.2% during the 1st quarter, HoldingsChannel.com reports. The firm owned 18,056 shares of the company’s stock after buying an additional 4,602 shares during the quarter. iShares Select Dividend ETF makes up approximately 2.8% of American Wealth Advisors LLC’s portfolio, making the stock its 8th largest holding. American Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,734,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE grew its stake in iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after buying an additional 256,434 shares during the last quarter. Morgan Stanley lifted its stake in iShares Select Dividend ETF by 3.6% in the fourth quarter. Morgan Stanley now owns 6,506,794 shares of the company’s stock valued at $918,369,000 after buying an additional 224,125 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after acquiring an additional 6,044,290 shares during the period. Wells Fargo & Company MN grew its position in shares of iShares Select Dividend ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 3,807,955 shares of the company’s stock worth $537,455,000 after acquiring an additional 69,658 shares during the last quarter. Finally, Royal Bank of Canada grew its position in shares of iShares Select Dividend ETF by 3.9% during the fourth quarter. Royal Bank of Canada now owns 3,073,777 shares of the company’s stock worth $433,832,000 after acquiring an additional 114,490 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $159.81 on Wednesday. The firm’s fifty day simple moving average is $154.94 and its 200-day simple moving average is $151.90. iShares Select Dividend ETF has a 12 month low of $132.83 and a 12 month high of $161.01. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

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 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 3.1%. The ex-dividend date was Monday, June 15th.

iShares Select Dividend ETF 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.