Magnus Financial Group LLC Raises Position in iShares Select Dividend ETF (NASDAQ:DVY)

Magnus Financial Group LLC grew its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.3% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,610 shares of the company’s stock after purchasing an additional 355 shares during the quarter. Magnus Financial Group LLC’s holdings in iShares Select Dividend ETF were worth $1,888,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DVY. Allegheny Financial Group LTD bought a new stake in iShares Select Dividend ETF in the 2nd quarter worth about $228,000. Tortoise Investment Management LLC grew its holdings in shares of iShares Select Dividend ETF by 17.0% in the second quarter. Tortoise Investment Management LLC now owns 1,285 shares of the company’s stock valued at $155,000 after acquiring an additional 187 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of iShares Select Dividend ETF by 185.1% during the second quarter. CIBC Asset Management Inc now owns 5,845 shares of the company’s stock valued at $707,000 after acquiring an additional 3,795 shares during the last quarter. Stiles Financial Services Inc lifted its holdings in iShares Select Dividend ETF by 18.7% during the second quarter. Stiles Financial Services Inc now owns 4,433 shares of the company’s stock worth $536,000 after acquiring an additional 698 shares during the period. Finally, LGL Partners LLC boosted its position in iShares Select Dividend ETF by 0.7% in the second quarter. LGL Partners LLC now owns 34,336 shares of the company’s stock worth $4,154,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY traded down $0.51 during trading on Tuesday, reaching $133.56. The company’s stock had a trading volume of 76,098 shares, compared to its average volume of 484,735. The firm has a market cap of $19.85 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $134.13. The firm has a 50 day moving average of $126.70 and a 200-day moving average of $122.69.

iShares Select Dividend ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were issued a $0.9304 dividend. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 2.79%.

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.