dvy stock — iShares Select Dividend ETF Guide

iShares Select Dividend ETF (DVY)

Overview: This article explains dvy stock — the iShares Select Dividend ETF (ticker DVY) — a U.S.-listed exchange‑traded fund managed by BlackRock’s iShares that provides exposure to U.S. companies with relatively high dividend payments. Readers will find fund background, index methodology, holdings and sector exposure, distribution mechanics, fees and tax considerations, trading and liquidity notes, risks, and how investors commonly use DVY in portfolios. Sources and reporting dates are shown where numbers or developments are cited.

Introduction

The term dvy stock refers to the iShares Select Dividend ETF (ticker DVY), an ETF designed to track a dividend‑focused U.S. equity index. In this guide you will learn what dvy stock owns, how the fund selects and weights constituents, the fund’s cost and distribution profile, typical risks, and basic ways investors incorporate DVY into income and total‑return strategies. As a neutral, fact‑based reference, this article points to issuer and market data for verification and avoids investment advice.

Background and history

dvy stock (iShares Select Dividend ETF) launched to offer focused exposure to U.S. dividend payers. The fund’s inception date is November 3, 2003. Since launch, DVY has been managed by BlackRock under the iShares brand and has tracked an index designed to represent U.S. companies with a history of dividend payments and relatively high yields.

Over the years DVY has been used by income‑oriented investors who want concentrated dividend exposure rather than a broad market dividend yield exposure. The ETF’s methodology and periodic index reconstitutions have shaped its sector profile, often producing tilts toward utilities, consumer defensive, and financials during different market cycles.

Investment objective and strategy

The stated objective of dvy stock is to track the performance of a dividend‑weighted index of U.S. equities. Key elements of the fund’s strategy include:

• Selection criteria: The ETF targets U.S. companies with a history of dividend payments and relatively higher dividend yields among the eligible universe. The index applies screens for dividend payment history and liquidity.
• Weighting methodology: Rather than market‑cap weighting, the index uses a dividend‑weighting or dividend‑yield emphasis so that companies with higher dividends receive larger weights, subject to eligibility and diversification rules.
• Rebalancing and reconstitution: The index typically reconstitutes at regular intervals (for example, annually or quarterly depending on the index rules), updating which securities meet the payout and liquidity screens and recalculating weights.

These mechanics mean dvy stock emphasizes current income and dividend stability rather than pure growth. Dividend weighting can cause sector concentration relative to broad market ETFs.

Index tracked

DVY seeks to track the Dow Jones U.S. Select Dividend Index (or a close BlackRock/affiliate implementation of that benchmark). The index methodology generally:

• Identifies U.S. companies with a multi‑year dividend payment history.
• Filters by liquidity and company size minimums to ensure tradability.
• Ranks eligible securities by dividend yield and applies rules to limit concentration (sector or issuer caps may apply).
• Weights selected constituents by dividend yield or dividend amount rather than full market capitalization, which differentiates the index from market‑cap weighted benchmarks.

As with any ETF that seeks to replicate an index, DVY aims to provide returns that closely follow the index before fees and expenses. Tracking error can arise from fees, trading costs, cash drag, and differences in exact index implementation.

Fund characteristics and key facts

Below are durable facts and commonly referenced fund attributes for dvy stock (DVY). Confirm the latest figures on the issuer site and market data pages for any decision‑relevant numbers.

• Ticker: DVY
• Exchange: NASDAQ (U.S.)
• Fund provider: BlackRock (iShares)
• Inception date: November 3, 2003
• Expense ratio: 0.38% (reported in provider materials; verify issuer for current fee)
• Distribution frequency: Quarterly
• Typical number of holdings: Approximately 100 (index‑based; varies with reconstitution)
• CUSIP / Fund identifiers: Fund documents (prospectus) and official filings list CUSIP and fund identifiers; consult issuer materials for the exact codes

As of the dates cited below, market data sources and the issuer provide up‑to‑date metrics such as net asset value (NAV), assets under management (AUM), yield, and top holdings. Always check the iShares product page and regulatory filings for the authoritative facts.

Holdings and sector allocation

dvy stock holds U.S. companies screened and weighted by dividend criteria rather than tracking the entire U.S. equity market. Typical characteristics:

• Geographic focus: U.S. equities only.
• Number of holdings: The fund usually holds around 100 names, chosen from larger and mid‑cap U.S. companies that meet dividend and liquidity requirements.
• Top holdings: Representative top holdings change with reconstitution and market moves. Historically, dvy stock has included names from consumer staples, utilities, telecommunications, and financial industries. Representative examples (subject to change) include large dividend payers with stable cash flows.
• Sector weights: Because of the dividend weighting, DVY often has higher allocations to utilities and consumer defensive sectors and can have material exposure to financials and industrials depending on yield patterns.

As of 2026-01-26, per the fund’s official holdings disclosure and market data summaries, investors should refer to the issuer for the current top 10 holdings and sector breakdown. Sector allocations and individual weights are updated with each index reconstitution and periodic reporting.

Performance and historical returns

Historical performance for dvy stock should be assessed across metrics: total return (price change plus distributions), yield, and risk‑adjusted measures. Performance varies by horizon and is affected by market cycles, interest‑rate environments, and sector leadership.

• Short- and medium‑term: Dividend‑weighted strategies like DVY can outperform or underperform cap‑weighted indices depending on whether dividend‑oriented sectors outperform. Income‑seeking periods with low interest rates have sometimes favored dividend payers.
• Long‑term: Since inception in 2003, DVY’s long‑term record reflects both income contributions and capital appreciation; past performance is not predictive of future results.

Because published return numbers (1‑year, 3‑year, 5‑year, since‑inception annualized) change daily, consult up‑to‑date market pages such as the issuer product page, Morningstar, and major financial data providers for exact historical return figures and total return charts.

As of 2026-01-26, per aggregate market data providers, investors seeking precise historical returns should retrieve the latest NAV‑based and market‑price‑based total return tables directly from the issuer or a trusted market data vendor.

Distributions and dividend policy

dvy stock distributes income on a regular schedule and aims to pass through dividends received from the underlying holdings to ETF shareholders. Key distribution points:

• Frequency: Quarterly distributions (typical for dividend ETFs).
• Record/ex‑dividend mechanics: Like any listed ETF, DVY sets ex‑dividend and record dates according to its distribution schedule — shareholders who own shares before the ex‑dividend date are eligible for the upcoming distribution. The issuer’s distribution notices and fund documents list exact dates for each quarter.
• Income generation: Income distributed to shareholders is predominantly the dividends collected from constituent companies, minus fund expenses and any withheld amounts.
• Yield: The fund’s reported yield varies with market prices and the dividend payments of constituents. A commonly reported range for DVY’s trailing yield has been in the low‑to‑mid single digits (for example, approximately 3.4–3.7% in recent market snapshots), but yields change over time.

As of 2026-01-26, per iShares and widely used market pages, check the fund’s most recent distribution rate and trailing twelve‑month yield for an exact yield figure applicable to your decision timeline.

Fees, expenses and tax considerations

Costs and taxes materially affect net returns from dvy stock:

• Expense ratio: DVY’s stated expense ratio is 0.38% (confirm current figure on the issuer page). This fee accrues against NAV and is reflected in the fund’s net performance.
• Trading costs: Investors also incur bid/ask spreads and brokerage commissions (if applicable) when buying or selling shares. Average spread and liquidity affect round‑trip trading costs.
• Tax treatment (U.S. investors): Distributions are typically reported on Form 1099 and may include qualified dividends (subject to preferential tax rates when requirements are met), ordinary dividends, and return of capital if applicable. Capital gains taxes may apply when selling ETF shares. Specific tax outcomes depend on the investor’s jurisdiction and holding period.

Tax matters are individualized. Consult a tax professional or official guidance for detailed implications; this article provides only general, neutral information.

Trading information and liquidity

Trading and intraday behavior for dvy stock reflect both the ETF’s shares and the liquidity of its underlying holdings:

• Trading hours: DVY trades on NASDAQ during U.S. exchange hours. ETF shares also have extended trading sessions where market makers provide quotes.
• NAV vs market price: Like any ETF, DVY has an intraday market price and an end‑of‑day NAV. Market price can trade at small premiums or discounts to NAV; authorized participant creation/redemption activity typically helps keep those deviations modest.
• Liquidity: Liquidity is determined by both ETF share turnover and the liquidity of the underlying basket. DVY’s average daily trading volume and morning‑to‑close liquidity can fluctuate; institutional and retail activity tend to keep spreads reasonable for widely traded U.S. equity ETFs.
• Derivatives: Depending on market demand, options or other derivatives linked to DVY may be available on listed options exchanges. Availability of options should be confirmed through exchange and brokerage platforms.

For investors wanting to trade DVY, a regulated brokerage account is required. If you use an integrated platform for multi‑asset portfolio management, consider liquidity and potential execution costs around your intended trade size.

Risks

Holding dvy stock carries multiple principal risks. The most relevant include:

• Market risk: The value of DVY shares will fluctuate with the U.S. equity market and the specific sectors and companies held by the fund.
• Dividend concentration risk: Because the index emphasizes dividend yield, DVY can be concentrated in sectors that historically pay higher dividends (for example, utilities and consumer defensive). Sector concentration increases sensitivity to sector‑specific shocks.
• Interest‑rate sensitivity: Dividend‑paying equities often show sensitivity to changes in interest rates. Rising rates may pressure dividend valuations relative to fixed income.
• Tracking error: Differences between DVY’s returns and the tracked index can result from fees, transaction costs, sampling methods, and cash holdings.
• Liquidity and market price deviation: In stressed markets, ETF share liquidity and underlying security liquidity can widen bid/ask spreads and increase the potential for the ETF to trade at larger discounts or premiums to NAV.
• Single‑country exposure: DVY focuses on U.S. equities; investors seeking geographic diversification should consider international allocations elsewhere.

All risks are discussed in the fund prospectus; review official documents and regulatory filings for a complete list of risk factors.

Comparison with similar ETFs

Investors comparing dvy stock to other dividend or income ETFs should focus on index methodology, expense ratio, sector exposure, and yield profile. Commonly compared funds include (tickers are fund identifiers):

• SCHD — focuses on dividend quality and broader U.S. dividend champions (methodology and factor emphasis differ from dividend‑weighted DVY).
• HDV — tracks a high dividend yield index with emphasis on financial strength of payers.
• VYM — provides broad market dividend exposure with a larger, more diversified holding set and typically lower yield concentration.
• SDY — tracks the S&P High Yield Dividend Aristocrats index, selecting companies with a long record of increasing dividends.

Compared with these peers, dvy stock’s dividend‑weighted index often yields a different sector mix and may have a different number of holdings and expense structure. Expense ratios, tracking methodology, and historical performance vary; consult fund materials for apples‑to‑apples comparisons.

Use in portfolio and investor considerations

Investors include dvy stock in portfolios for several reasons:

• Income generation: Investors seeking regular cash distributions may choose DVY for its dividend emphasis.
• Value/dividend factor exposure: DVY provides concentrated exposure to the dividend factor rather than market‑cap broad market exposure.
• Defensive sleeve: In certain market environments, dividend payers can exhibit defensive characteristics, though they are not immune to market declines.

When deciding allocation size, consider:

• Diversification: DVY’s sector tilts may require balancing with growth or international allocations.
• Yield vs growth tradeoffs: Higher income may coincide with lower expected capital growth compared to growth‑focused funds.
• Time horizon and income needs: Short‑term traders should consider transaction costs and tax implications; long‑term investors should evaluate dividend sustainability and the fund’s long‑term performance relative to objectives.

This article is informational and not investment advice. For personalized allocation decisions, consult a licensed advisor.

Fund administration and governance

dvy stock is administered by BlackRock (iShares). Key roles and documentation:

• Fund manager: BlackRock (iShares) — responsible for portfolio management and implementation.
• Trustee/board: The ETF has an oversight board/trustees who review governance matters and fund operations.
• Custodian and transfer agents: Official fund documents list custodians and administrators responsible for holding assets and servicing investor accounts.
• Official documents: The prospectus, statement of additional information (SAI), annual and semiannual reports, and regulatory filings (e.g., SEC filings for U.S. listed funds) provide authoritative disclosure of fees, holdings, and governance. Always consult these primary documents for detailed legal and operational information.

Recent news and developments

As of 2026-01-26, per iShares and major financial data providers, dvy stock continues to operate under BlackRock’s iShares platform with regular index reconstitutions and quarterly distributions. Market commentary that may affect DVY includes index methodology updates, notable inflows or outflows, and macro developments that influence dividend yields (for example, interest‑rate moves). For the latest news and issuer announcements, review the iShares product page and filings.

Examples of developments that can affect DVY:

• Index reconstitution: If the tracked index changes eligibility rules, DVY’s sector profile and top holdings can shift materially.
• Market flows: Large inflows or outflows can alter the fund’s creation/redemption activity and may influence short‑term liquidity.
• Corporate dividend changes: Dividend cuts or increases among large constituent issuers change the fund’s income profile over time.

When researching recent developments, check the issuer’s press releases and regulatory filings and reputable market data platforms for dated reports.

How to track current metrics (NAV, AUM, yield, holdings)

To get current, verifiable figures for dvy stock:

• Issuer product page: The iShares product page provides NAV, AUM, current holdings, prospectus, and distribution details (issuer data is the authoritative source for fund characteristics).
• Market data providers: Financial portals and data vendors publish market price, historical performance, and yield metrics.
• Regulatory filings: Quarterly and annual fund reports and SEC filings include audited holdings and statements.

As of 2026-01-26, per issuer disclosures and market data providers, investors should consult those primary sources to obtain the latest NAV, assets under management, trailing yield, and the current top holdings list.

Practical considerations for buying DVY (trading via platforms)

• Brokerage access: DVY is listed on NASDAQ and is tradeable through regulated brokerage accounts. When selecting a trading platform, compare execution quality, fees, and available order types.
• Order types and execution: Use limit orders in lower‑liquidity environments, monitor bid/ask spreads, and consider time of day for larger trades.
• Alternative access: For global investors, confirm local broker access to U.S. listed ETFs and any cross‑border tax reporting requirements.

Note on platforms: If you are evaluating platforms, consider an exchange or broker that meets your regulatory and service needs. For Web3 wallet integration or multi‑asset management, consider wallet and custody options approved by your provider; when discussing Web3 wallets, Bitget Wallet is an integrated solution worth reviewing in the context of your broader holdings and security model.

Risks specific to dividend‑weighted ETFs

Dividend‑weighted ETFs like dvy stock have nuances investors should weigh:

• Style drift: In certain markets, dividend yield factors can underperform growth or momentum factors.
• Value traps: High yields can sometimes reflect distressed companies; careful screening and manual review of top holdings is advisable for investors requiring high dividend quality.
• Rebalancing turnover: Periodic reconstitution can create turnover that produces realized capital gains in taxable accounts.

These are not exhaustive; review the prospectus for a full risk inventory.

See also

• Dividend investing basics
• List of U.S. dividend ETFs and comparative methodologies
• ETF basics: creation/redemption mechanism and NAV vs market price
• BlackRock (iShares) product family overview

References and how to verify

Primary sources for authoritative, current information on dvy stock include:

• iShares product documentation and fund prospectus (issuer disclosures and holdings reports)
• Market data pages (e.g., major financial data providers and analyst platforms) for quotes, AUM, yield and historical returns
• Regulatory filings and fund annual/semiannual reports for audited holdings and governance details

As of 2026-01-26, per the iShares fund page and public market data providers, DVY’s fund documents list the expense ratio at 0.38% and confirm DVY’s inception date of November 3, 2003. For the latest figures on NAV, AUM, trailing yield, and top holdings, consult the issuer’s webpage and the most recent fund reports.

Final notes and next steps

dvy stock (iShares Select Dividend ETF, ticker DVY) is a long‑standing, dividend‑focused U.S. equity ETF managed by BlackRock’s iShares. It is suited for investors seeking exposure to higher‑yielding U.S. companies via a dividend‑weighted index approach. To act on information in this guide:

• Review the fund prospectus and the issuer’s up‑to‑date holdings document.
• Check the latest NAV, yield, and AUM on the iShares product page or a trusted market data provider as of the date you review this article.
• If you plan to trade, evaluate execution costs and the trading platform; consider Bitget’s trading tools and custody options as part of your platform comparison when selecting a provider for multi‑asset portfolio management.

This guide is informational and neutral. For tailored advice, consult a licensed financial or tax professional.