Ladenburg Thalmann Financial Services Inc. increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 250,019 shares of the company’s stock after acquiring an additional 19,646 shares during the period. Ladenburg Thalmann Financial Services Inc. owned approximately 0.14% of iShares Select Dividend ETF worth $23,414,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in DVY. Suntrust Banks Inc. boosted its holdings in shares of iShares Select Dividend ETF by 4.7% in the second quarter. Suntrust Banks Inc. now owns 2,787,640 shares of the company’s stock worth $257,046,000 after buying an additional 124,298 shares during the period. BlackRock Inc. raised its position in shares of iShares Select Dividend ETF by 1.7% in the second quarter. BlackRock Inc. now owns 1,250,889 shares of the company’s stock valued at $115,345,000 after purchasing an additional 21,208 shares during the period. Envestnet Asset Management Inc. raised its position in shares of iShares Select Dividend ETF by 3.9% in the third quarter. Envestnet Asset Management Inc. now owns 1,193,766 shares of the company’s stock valued at $111,798,000 after purchasing an additional 44,507 shares during the period. Royal Bank of Canada increased its position in iShares Select Dividend ETF by 1.8% during the second quarter. Royal Bank of Canada now owns 920,308 shares of the company’s stock worth $84,861,000 after acquiring an additional 16,571 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in iShares Select Dividend ETF by 2.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 811,326 shares of the company’s stock worth $74,812,000 after acquiring an additional 20,475 shares during the period.
Shares of iShares Select Dividend ETF (NASDAQ:DVY) traded up $0.12 during mid-day trading on Tuesday, reaching $98.68. 1,056,930 shares of the company were exchanged, compared to its average volume of 701,750. iShares Select Dividend ETF has a fifty-two week low of $88.03 and a fifty-two week high of $99.99. The company has a market capitalization of $17,920.00, a price-to-earnings ratio of 16.78 and a beta of 0.75.
The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Wednesday, December 20th were paid a $0.798 dividend. This represents a $3.19 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Tuesday, December 19th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $0.73. iShares Select Dividend ETF’s payout ratio is currently 50.34%.
ILLEGAL ACTIVITY WARNING: This news story was first reported by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this news story on another site, it was illegally stolen and reposted in violation of US and international trademark & copyright law. The correct version of this news story can be accessed at https://www.truebluetribune.com/2018/01/03/ladenburg-thalmann-financial-services-inc-buys-19646-shares-of-ishares-select-dividend-etf-dvy.html.
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.
Receive News & Ratings for iShares Select Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Select Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.