Sequoia Financial Advisors LLC Acquires 2,321 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Sequoia Financial Advisors LLC grew its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 5.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 46,795 shares of the company’s stock after purchasing an additional 2,321 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Select Dividend ETF were worth $5,661,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Johnson Financial Group Inc. boosted its holdings in iShares Select Dividend ETF by 20.0% in the fourth quarter. Johnson Financial Group Inc. now owns 7,653 shares of the company’s stock worth $897,000 after acquiring an additional 1,278 shares in the last quarter. Capital Asset Advisory Services LLC grew its position in iShares Select Dividend ETF by 1.5% during the 1st quarter. Capital Asset Advisory Services LLC now owns 7,390 shares of the company’s stock valued at $894,000 after purchasing an additional 107 shares during the last quarter. Fonville Wealth Management LLC bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at about $518,000. Dodds Wealth LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter worth about $909,000. Finally, Brookstone Capital Management lifted its stake in shares of iShares Select Dividend ETF by 3.9% in the first quarter. Brookstone Capital Management now owns 2,752 shares of the company’s stock worth $339,000 after buying an additional 103 shares in the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY traded up $0.61 on Tuesday, hitting $126.68. 97,296 shares of the stock traded hands, compared to its average volume of 497,159. The company has a market capitalization of $18.83 billion, a PE 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 $131.02. The business has a 50 day simple moving average of $123.70 and a 200 day simple moving average of $121.00.

iShares Select Dividend ETF Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a $0.9304 dividend. This represents a $3.72 annualized dividend and a dividend yield of 2.94%. The ex-dividend date 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.