Kwmg LLC Boosts Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Kwmg LLC lifted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,511 shares of the company’s stock after buying an additional 2,906 shares during the quarter. iShares Select Dividend ETF makes up approximately 1.3% of Kwmg LLC’s portfolio, making the stock its 24th biggest position. Kwmg LLC owned 0.06% of iShares Select Dividend ETF worth $11,765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. International Assets Investment Management LLC grew its holdings in iShares Select Dividend ETF by 12,638.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after purchasing an additional 2,388,510 shares during the last quarter. Comerica Bank purchased a new stake in shares of iShares Select Dividend ETF during the third quarter worth about $61,160,000. Miller Howard Investments Inc. NY raised its position in shares of iShares Select Dividend ETF by 110.0% in the fourth quarter. Miller Howard Investments Inc. NY now owns 403,081 shares of the company’s stock valued at $47,249,000 after buying an additional 211,112 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of iShares Select Dividend ETF by 244.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 171,206 shares of the company’s stock valued at $18,429,000 after buying an additional 121,551 shares during the period. Finally, Truist Financial Corp grew its holdings in shares of iShares Select Dividend ETF by 5.9% during the 4th quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock worth $176,469,000 after purchasing an additional 84,251 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock traded down $0.53 during trading on Wednesday, reaching $120.46. 254,473 shares of the company’s stock were exchanged, compared to its average volume of 520,642. The firm has a market cap of $18.30 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $125.99. The company’s 50-day moving average is $121.78 and its two-hundred day moving average is $119.01.

iShares Select Dividend ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were given a dividend of $0.9304 per share. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date was Tuesday, June 11th.

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.