Diversify Wealth Management LLC Takes $558,000 Position in iShares Select Dividend ETF $DVY

Diversify Wealth Management LLC acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,644 shares of the company’s stock, valued at approximately $558,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DVY. Archer Investment Corp boosted its position in shares of iShares Select Dividend ETF by 0.9% during the 4th quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock worth $1,106,000 after acquiring an additional 69 shares in the last quarter. Kingsview Wealth Management LLC boosted its holdings in iShares Select Dividend ETF by 1.6% in the fourth quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock valued at $630,000 after purchasing an additional 69 shares in the last quarter. Romano Brothers AND Company increased its stake in iShares Select Dividend ETF by 0.7% in the fourth quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock valued at $1,415,000 after purchasing an additional 70 shares during the last quarter. Harbor Asset Planning Inc. raised its holdings in iShares Select Dividend ETF by 3.4% during the first quarter. Harbor Asset Planning Inc. now owns 2,202 shares of the company’s stock worth $333,000 after purchasing an additional 72 shares in the last quarter. Finally, Journey Advisory Group LLC lifted its position in shares of iShares Select Dividend ETF by 0.8% during the 4th quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock worth $1,368,000 after buying an additional 75 shares during 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 $161.83 on Friday. The company has a fifty day moving average of $155.98 and a two-hundred day moving average of $152.82. The company has a market capitalization of $23.75 billion, a PE ratio of 13.69 and a beta of 0.66. iShares Select Dividend ETF has a 1 year low of $132.83 and a 1 year high of $164.73.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Monday, June 15th were given a dividend of $1.2472 per share. This represents a $4.99 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Monday, June 15th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $1.15.

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.