Gyroscope Capital Management Group LLC Has $773,000 Holding in iShares Select Dividend ETF (DVY)

Gyroscope Capital Management Group LLC Has $773,000 Holding in iShares Select Dividend ETF (DVY)

Gyroscope Capital Management Group LLC lifted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,711 shares of the company’s stock after acquiring an additional 1,011 shares during the quarter. Gyroscope Capital Management Group LLC’s holdings in iShares Select Dividend ETF were worth $773,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in iShares Select Dividend ETF by 1.3% in the 2nd quarter. Morgan Stanley now owns 4,639,734 shares of the company’s stock worth $453,487,000 after buying an additional 59,392 shares during the period. LPL Financial LLC increased its stake in iShares Select Dividend ETF by 2.0% in the 1st quarter. LPL Financial LLC now owns 1,149,674 shares of the company’s stock worth $109,357,000 after buying an additional 22,587 shares during the period. Bank of Montreal Can purchased a new position in iShares Select Dividend ETF in the 2nd quarter worth about $103,526,000. Envestnet Asset Management Inc. increased its stake in iShares Select Dividend ETF by 48.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 927,553 shares of the company’s stock worth $90,661,000 after buying an additional 302,929 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its stake in iShares Select Dividend ETF by 0.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 824,200 shares of the company’s stock worth $80,556,000 after buying an additional 7,542 shares during the period.

DVY stock opened at $100.15 on Wednesday. iShares Select Dividend ETF has a 12 month low of $91.67 and a 12 month high of $102.54.

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 2nd. Investors of record on Thursday, September 27th were paid a $0.859 dividend. This represents a $3.44 annualized dividend and a yield of 3.43%. The ex-dividend date was Wednesday, September 26th. This is an increase from iShares Select Dividend ETF’s previous quarterly dividend of $0.80.

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.

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