iShares Select Dividend ETF (NASDAQ:DVY) Shares Acquired by Powell Investment Advisors LLC

Powell Investment Advisors LLC lifted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 0.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 93,281 shares of the company’s stock after acquiring an additional 159 shares during the quarter. iShares Select Dividend ETF comprises about 6.1% of Powell Investment Advisors LLC’s investment portfolio, making the stock its 4th largest position. Powell Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $11,490,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Trexquant Investment LP raised its holdings in shares of iShares Select Dividend ETF by 156.8% during the third quarter. Trexquant Investment LP now owns 7,838 shares of the company’s stock worth $844,000 after acquiring an additional 4,786 shares in the last quarter. Samalin Investment Counsel LLC increased its stake in shares of iShares Select Dividend ETF by 4.5% in the third quarter. Samalin Investment Counsel LLC now owns 3,519 shares of the company’s stock worth $379,000 after purchasing an additional 150 shares during the period. Insigneo Advisory Services LLC bought a new position in shares of iShares Select Dividend ETF in the third quarter worth about $546,000. Glenmede Trust Co. NA increased its stake in shares of iShares Select Dividend ETF by 7.5% in the third quarter. Glenmede Trust Co. NA now owns 196,532 shares of the company’s stock worth $21,155,000 after purchasing an additional 13,765 shares during the period. Finally, Axxcess Wealth Management LLC bought a new position in shares of iShares Select Dividend ETF in the third quarter worth about $815,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock traded up $0.65 during trading on Friday, reaching $120.98. The company’s stock had a trading volume of 321,555 shares, compared to its average volume of 517,879. The business’s fifty day moving average price is $121.86 and its 200-day moving average price is $119.02. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $125.99.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors 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 yield of 3.08%. The ex-dividend date of this dividend was Tuesday, June 11th.

iShares Select Dividend ETF 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.