LS Investment Advisors LLC Raises Position in iShares Select Dividend ETF (NASDAQ:DVY)

LS Investment Advisors LLC raised its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,392 shares of the company’s stock after buying an additional 85 shares during the quarter. LS Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $652,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DVY. Johnson Financial Group Inc. grew its stake in iShares Select Dividend ETF by 20.0% during the 4th quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock valued at $897,000 after purchasing an additional 1,278 shares during the last quarter. Capital Asset Advisory Services LLC raised its holdings in shares of iShares Select Dividend ETF by 1.5% during the first quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock worth $894,000 after purchasing an additional 107 shares during the last quarter. Dodds Wealth LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $909,000. Brookstone Capital Management grew its holdings in iShares Select Dividend ETF by 3.9% during the first quarter. Brookstone Capital Management now owns 2,752 shares of the company’s stock worth $339,000 after acquiring an additional 103 shares during the period. Finally, NBC Securities Inc. raised its position in iShares Select Dividend ETF by 2.2% during the first quarter. NBC Securities Inc. now owns 14,097 shares of the company’s stock valued at $1,736,000 after acquiring an additional 299 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.4 %

iShares Select Dividend ETF stock traded down $0.50 during mid-day trading on Tuesday, hitting $132.21. The company had a trading volume of 992,339 shares, compared to its average volume of 490,470. The company has a market capitalization of $19.65 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The company’s fifty day moving average is $125.46 and its 200-day moving average is $122.03. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $133.46.

iShares Select Dividend ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a dividend of $0.9304 per share. This represents a $3.72 annualized dividend and a dividend yield of 2.81%. 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.