Cyndeo Wealth Partners LLC Makes New Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Cyndeo Wealth Partners LLC purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 1,946 shares of the company’s stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also bought and sold shares of DVY. Brighton Jones LLC grew its position in iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after acquiring an additional 1,524 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of iShares Select Dividend ETF by 2.4% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 4,260 shares of the company’s stock valued at $559,000 after purchasing an additional 98 shares during the period. D.A. Davidson & CO. boosted its stake in shares of iShares Select Dividend ETF by 3.0% during the fourth quarter. D.A. Davidson & CO. now owns 17,793 shares of the company’s stock valued at $2,336,000 after purchasing an additional 524 shares during the period. Fortis Group Advisors LLC boosted its stake in shares of iShares Select Dividend ETF by 4.5% during the fourth quarter. Fortis Group Advisors LLC now owns 11,206 shares of the company’s stock valued at $1,471,000 after purchasing an additional 481 shares during the period. Finally, Creative Capital Management Investments LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $33,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $129.56 on Wednesday. The firm has a market cap of $19.16 billion, a PE ratio of 15.12 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The business has a 50 day moving average price of $129.46 and a 200-day moving average price of $132.15.

iShares Select Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Monday, June 16th will be paid a dividend of $1.2333 per share. This represents a $4.93 dividend on an annualized basis and a dividend yield of 3.81%. The ex-dividend date of this dividend is Monday, June 16th. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93.

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.