Archer Investment Corp Has $939,000 Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Archer Investment Corp decreased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 3.8% during the 2nd quarter, HoldingsChannel reports. The fund owned 7,758 shares of the company’s stock after selling 310 shares during the period. Archer Investment Corp’s holdings in iShares Select Dividend ETF were worth $939,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of DVY. International Assets Investment Management LLC lifted its position in shares of iShares Select Dividend ETF by 8.7% in the 4th quarter. International Assets Investment Management LLC now owns 20,538 shares of the company’s stock worth $2,407,000 after acquiring an additional 1,639 shares during the period. GAMMA Investing LLC bought a new position in iShares Select Dividend ETF in the fourth quarter worth $27,000. Fisher Asset Management LLC acquired a new stake in iShares Select Dividend ETF during the fourth quarter worth $483,000. Merit Financial Group LLC bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at $225,000. Finally, Wealthcare Advisory Partners LLC raised its stake in shares of iShares Select Dividend ETF by 3.2% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 18,358 shares of the company’s stock valued at $2,152,000 after buying an additional 573 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $133.50 on Wednesday. The company has a market capitalization of $19.84 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The company has a 50-day moving average of $126.95 and a 200-day moving average of $122.81. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $134.15.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 11th were issued a dividend of $0.9304 per share. This represents a $3.72 dividend on an annualized basis and a yield of 2.79%. 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.