iShares Select Dividend ETF (NASDAQ:DVY) Shares Purchased by LPL Financial LLC

LPL Financial LLC raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.5% during the second quarter, Holdings Channel.com reports. The firm owned 1,401,205 shares of the company’s stock after purchasing an additional 34,221 shares during the quarter. LPL Financial LLC’s holdings in iShares Select Dividend ETF were worth $169,518,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DVY. Addison Advisors LLC raised its holdings in iShares Select Dividend ETF by 107.1% in the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after acquiring an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at $30,000. ORG Partners LLC purchased a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth $32,000. Family Firm Inc. acquired a new position in shares of iShares Select Dividend ETF during the second quarter worth $36,000. Finally, Triad Wealth Partners LLC purchased a new position in iShares Select Dividend ETF in the second quarter valued at $40,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $131.55 on Thursday. The stock’s fifty day moving average is $128.36 and its two-hundred day moving average is $123.45. The stock has a market cap of $19.55 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $134.39.

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.