GAMMA Investing LLC Purchases 1,274 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

GAMMA Investing LLC raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 549.1% in the 1st quarter, HoldingsChannel reports. The fund owned 1,506 shares of the company’s stock after purchasing an additional 1,274 shares during the period. GAMMA Investing LLC’s holdings in iShares Select Dividend ETF were worth $202,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Transamerica Financial Advisors Inc. bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $27,000. Millstone Evans Group LLC acquired a new stake in iShares Select Dividend ETF during the fourth quarter worth $36,000. Murphy & Mullick Capital Management Corp bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at $40,000. Mpwm Advisory Solutions LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $40,000. Finally, Hopwood Financial Services Inc. acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $48,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $136.66 on Friday. The company has a 50-day moving average of $131.14 and a 200-day moving average of $131.67. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The company has a market capitalization of $20.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.87.

iShares Select Dividend ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 20th. Shareholders of record on Monday, June 16th were paid a dividend of $1.2333 per share. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. The ex-dividend date of this dividend was Monday, June 16th. This represents a $4.93 dividend on an annualized basis and a yield of 3.61%.

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.