Granite FO LLC Takes Position in iShares Select Dividend ETF (NASDAQ:DVY)

Granite FO LLC acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,192 shares of the company’s stock, valued at approximately $3,774,000. iShares Select Dividend ETF accounts for approximately 2.4% of Granite FO LLC’s investment portfolio, making the stock its 9th biggest holding.

A number of other institutional investors also recently made changes to their positions in the stock. Gryphon Financial Partners LLC lifted its stake in iShares Select Dividend ETF by 34.4% during the fourth quarter. Gryphon Financial Partners LLC now owns 19,352 shares of the company’s stock valued at $2,268,000 after purchasing an additional 4,955 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of iShares Select Dividend ETF by 3.6% in the fourth quarter. Hsbc Holdings PLC now owns 15,392 shares of the company’s stock worth $1,804,000 after buying an additional 533 shares during the last quarter. Stifel Financial Corp boosted its holdings in iShares Select Dividend ETF by 20.0% during the fourth quarter. Stifel Financial Corp now owns 321,861 shares of the company’s stock valued at $37,729,000 after acquiring an additional 53,718 shares during the period. Fiduciary Trust Co bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at approximately $299,000. Finally, Brown Brothers Harriman & Co. boosted its position in shares of iShares Select Dividend ETF by 43.0% in the fourth quarter. Brown Brothers Harriman & Co. now owns 6,854 shares of the company’s stock valued at $803,000 after acquiring an additional 2,060 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $134.74 on Friday. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $136.36. The firm has a market capitalization of $20.03 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The company’s fifty day moving average is $130.91 and its two-hundred day moving average is $124.85.

iShares Select Dividend ETF Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th will be issued a dividend of $1.5496 per share. The ex-dividend date of this dividend is Wednesday, September 25th.

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.