Capital Investment Counsel Inc Boosts Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Capital Investment Counsel Inc lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 12.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,803 shares of the company’s stock after purchasing an additional 205 shares during the quarter. Capital Investment Counsel Inc’s holdings in iShares Select Dividend ETF were worth $218,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DVY. GAMMA Investing LLC purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $27,000. ORG Partners LLC purchased a new position in iShares Select Dividend ETF in the second quarter worth approximately $32,000. Triad Wealth Partners LLC purchased a new position in iShares Select Dividend ETF in the second quarter worth approximately $40,000. Parkside Financial Bank & Trust increased its stake in iShares Select Dividend ETF by 91.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after acquiring an additional 186 shares during the last quarter. Finally, Headlands Technologies LLC raised its position in iShares Select Dividend ETF by 884.6% in the first quarter. Headlands Technologies LLC now owns 384 shares of the company’s stock valued at $47,000 after purchasing an additional 345 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY traded down $0.48 during mid-day trading on Tuesday, reaching $129.91. 290,338 shares of the company’s stock were exchanged, compared to its average volume of 491,293. The company’s 50-day moving average is $124.51 and its 200-day moving average is $121.53. The firm has a market capitalization of $19.31 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 $131.02.

iShares Select Dividend ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders 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 2.86%. 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.