TFB Advisors LLC Buys 1,173 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

TFB Advisors LLC boosted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 52.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,427 shares of the company’s stock after purchasing an additional 1,173 shares during the quarter. TFB Advisors LLC’s holdings in iShares Select Dividend ETF were worth $411,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in iShares Select Dividend ETF by 12,638.3% in the fourth quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock worth $282,196,000 after purchasing an additional 2,388,510 shares in the last quarter. Truist Financial Corp grew its stake in iShares Select Dividend ETF by 5.9% in the fourth quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock valued at $176,469,000 after acquiring an additional 84,251 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in iShares Select Dividend ETF by 47.2% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 759,253 shares of the company’s stock valued at $93,525,000 after acquiring an additional 243,579 shares during the period. Commonwealth Equity Services LLC grew its stake in iShares Select Dividend ETF by 2.0% in the first quarter. Commonwealth Equity Services LLC now owns 636,401 shares of the company’s stock valued at $78,392,000 after acquiring an additional 12,729 shares during the period. Finally, Comerica Bank acquired a new stake in iShares Select Dividend ETF in the third quarter valued at approximately $61,160,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock traded up $1.23 during mid-day trading on Wednesday, reaching $121.68. The stock had a trading volume of 361,548 shares, compared to its average volume of 509,084. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $125.99. The stock’s 50-day simple moving average is $122.02 and its 200-day simple moving average is $119.27. The firm has a market capitalization of $18.26 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 11th were given a dividend of $0.9304 per share. The ex-dividend date was Tuesday, June 11th. This represents a $3.72 annualized dividend and a dividend yield of 3.06%.

iShares Select Dividend ETF Company 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.