PFG Investments LLC Grows Position in iShares Select Dividend ETF (NASDAQ:DVY)

PFG Investments LLC raised its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 4.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,932 shares of the company’s stock after acquiring an additional 637 shares during the period. PFG Investments LLC’s holdings in iShares Select Dividend ETF were worth $1,686,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Addison Advisors LLC increased its position in shares of iShares Select Dividend ETF by 107.1% during the 2nd quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after purchasing an additional 120 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $30,000. ORG Partners LLC bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $32,000. Family Firm Inc. bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $36,000. Finally, Triad Wealth Partners LLC bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY opened at $132.58 on Tuesday. The stock’s 50 day simple moving average is $127.91 and its 200 day simple moving average is $123.28. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $134.39. The firm has a market cap of $19.71 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

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.