Harbor Investment Advisory LLC Buys 1,900 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Harbor Investment Advisory LLC raised its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 17.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 12,525 shares of the company’s stock after purchasing an additional 1,900 shares during the quarter. Harbor Investment Advisory LLC’s holdings in iShares Select Dividend ETF were worth $1,692,000 at the end of the most recent quarter.

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

iShares Select Dividend ETF Trading Up 0.6 %

NASDAQ:DVY traded up $0.83 during trading hours on Friday, hitting $134.21. 225,097 shares of the stock were exchanged, compared to its average volume of 468,738. The firm’s fifty day moving average price is $131.54 and its 200 day moving average price is $125.33. The company has a market cap of $20.05 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $136.36.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date of this dividend was 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.