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

Powell Investment Advisors LLC increased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,281 shares of the company’s stock after purchasing an additional 159 shares during the quarter. iShares Select Dividend ETF accounts for approximately 6.1% of Powell Investment Advisors LLC’s portfolio, making the stock its 4th biggest position. Powell Investment Advisors LLC owned about 0.06% of iShares Select Dividend ETF worth $11,490,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth about $27,000. Parkside Financial Bank & Trust boosted its holdings in iShares Select Dividend ETF by 91.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after acquiring an additional 186 shares during the period. Richardson Financial Services Inc. purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $49,000. Fortitude Family Office LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $57,000. Finally, Financial Connections Group Inc. purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $58,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.5 %

iShares Select Dividend ETF stock traded up $0.65 during midday trading on Friday, reaching $120.98. 321,555 shares of the stock traded hands, compared to its average volume of 517,879. The company has a 50-day simple moving average of $121.86 and a two-hundred day simple moving average of $119.02. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $125.99. The firm has a market cap of $18.38 billion, a PE ratio of 13.25 and a beta of 0.87.

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 issued 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.

About iShares Select Dividend ETF

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.