North Star Asset Management Inc. Invests $200,000 in iShares Select Dividend ETF (NASDAQ:DVY)

North Star Asset Management Inc. purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, Holdings Channel.com reports. The fund purchased 1,710 shares of the company’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DVY. International Assets Investment Management LLC grew its position in shares of iShares Select Dividend ETF by 12,638.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock worth $282,196,000 after buying an additional 2,388,510 shares during the period. Comerica Bank acquired a new stake in iShares Select Dividend ETF during the 3rd quarter worth $61,160,000. Miller Howard Investments Inc. NY raised its position in shares of iShares Select Dividend ETF by 110.0% during the 4th quarter. Miller Howard Investments Inc. NY now owns 403,081 shares of the company’s stock valued at $47,249,000 after acquiring an additional 211,112 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of iShares Select Dividend ETF by 244.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 171,206 shares of the company’s stock valued at $18,429,000 after purchasing an additional 121,551 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of iShares Select Dividend ETF by 3.0% in the 3rd quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock valued at $370,994,000 after purchasing an additional 101,996 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.8 %

Shares of iShares Select Dividend ETF stock opened at $119.67 on Tuesday. The business has a fifty day simple moving average of $118.66 and a 200 day simple moving average of $114.55. The stock has a market cap of $18.23 billion, a PE ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $123.43.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were given a dividend of $0.9976 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 annualized dividend and a dividend yield of 3.33%.

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.