Capital Asset Advisory Services LLC Raises Position in iShares Select Dividend ETF (NASDAQ:DVY)

Capital Asset Advisory Services LLC lifted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,390 shares of the company’s stock after purchasing an additional 107 shares during the period. Capital Asset Advisory Services LLC’s holdings in iShares Select Dividend ETF were worth $894,000 at the end of the most recent quarter.

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

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $120.98 on Friday. The firm has a fifty day moving average price of $121.98 and a two-hundred day moving average price of $119.07. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $125.99. The company 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were issued a $0.9304 dividend. This represents a $3.72 annualized dividend and a yield of 3.08%. The ex-dividend date 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.