Osaic Holdings Inc. Grows Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Osaic Holdings Inc. grew its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 73.3% during the second quarter, Holdings Channel reports. The institutional investor owned 1,286,472 shares of the company’s stock after purchasing an additional 544,298 shares during the quarter. Osaic Holdings Inc.’s holdings in iShares Select Dividend ETF were worth $82,648,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its position in iShares Select Dividend ETF by 1.2% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 6,854 shares of the company’s stock valued at $878,000 after purchasing an additional 81 shares in the last quarter. Brighton Jones LLC raised its stake in iShares Select Dividend ETF by 1.8% during the second quarter. Brighton Jones LLC now owns 5,017 shares of the company’s stock valued at $568,000 after buying an additional 91 shares during the last quarter. Financial Advocates Investment Management boosted its stake in iShares Select Dividend ETF by 0.7% in the 4th quarter. Financial Advocates Investment Management now owns 14,216 shares of the company’s stock worth $1,714,000 after purchasing an additional 93 shares in the last quarter. Trust Co. of Virginia VA grew its position in iShares Select Dividend ETF by 5.3% during the 2nd quarter. Trust Co. of Virginia VA now owns 1,921 shares of the company’s stock valued at $218,000 after purchasing an additional 97 shares during the last quarter. Finally, Bailard Inc. increased its stake in iShares Select Dividend ETF by 2.6% during the 2nd quarter. Bailard Inc. now owns 3,978 shares of the company’s stock valued at $451,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 47.25% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $110.24 on Tuesday. The company has a market cap of $18.01 billion, a PE ratio of 11.69 and a beta of 0.87. The firm’s 50 day moving average price is $107.87 and its 200-day moving average price is $111.33. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $126.89.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Wednesday, September 27th were issued a $1.4647 dividend. This represents a $5.86 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date was Tuesday, September 26th.

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.