N.E.W. Advisory Services LLC Takes $64,000 Position in iShares Select Dividend ETF (NASDAQ:DVY)

N.E.W. Advisory Services LLC bought a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 480 shares of the company’s stock, valued at approximately $64,000.

Several other large investors have also recently made changes to their positions in the business. Financial Gravity Asset Management Inc. purchased a new position in iShares Select Dividend ETF in the 1st quarter worth approximately $30,000. IMA Advisory Services Inc. purchased a new position in iShares Select Dividend ETF in the 1st quarter worth approximately $34,000. Cypress Capital Management LLC WY purchased a new position in iShares Select Dividend ETF in the 1st quarter worth approximately $35,000. Mpwm Advisory Solutions LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter worth approximately $40,000. Finally, First Pacific Financial purchased a new position in iShares Select Dividend ETF in the 1st quarter worth approximately $40,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 1.0%

Shares of NASDAQ DVY opened at $135.66 on Thursday. iShares Select Dividend ETF has a twelve month low of $115.94 and a twelve month high of $144.09. The firm has a market cap of $19.91 billion, a P/E ratio of 13.69 and a beta of 0.87. The company has a 50 day moving average of $133.40 and a 200 day moving average of $132.32.

iShares Select Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Monday, June 16th were issued a $1.2333 dividend. This is a positive change from iShares Select Dividend ETF’s previous quarterly dividend of $0.93. This represents a $4.93 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Monday, June 16th.

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.