iShares Select Dividend ETF (NASDAQ:DVY) Shares Purchased by LGL Partners LLC

LGL Partners LLC boosted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 33,838 shares of the company’s stock after purchasing an additional 719 shares during the quarter. iShares Select Dividend ETF comprises approximately 0.5% of LGL Partners LLC’s investment portfolio, making the stock its 22nd largest position. LGL Partners LLC’s holdings in iShares Select Dividend ETF were worth $3,967,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC grew its holdings in iShares Select Dividend ETF by 2.1% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock valued at $513,000 after buying an additional 88 shares in the last quarter. JNBA Financial Advisors grew its holdings in shares of iShares Select Dividend ETF by 26.6% during the 3rd quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after purchasing an additional 94 shares during the period. Sunbelt Securities Inc. grew its holdings in shares of iShares Select Dividend ETF by 0.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock worth $1,730,000 after purchasing an additional 96 shares during the period. Access Financial Services Inc. grew its holdings in shares of iShares Select Dividend ETF by 0.5% during the 4th quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock worth $2,272,000 after purchasing an additional 96 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in shares of iShares Select Dividend ETF by 3.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock worth $298,000 after purchasing an additional 96 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY traded down $0.79 during mid-day trading on Tuesday, reaching $119.86. 303,686 shares of the company’s stock were exchanged, compared to its average volume of 567,219. The firm has a market capitalization of $18.22 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $123.43. The company’s 50-day moving average is $119.22 and its 200-day moving average is $115.03.

iShares Select Dividend ETF Dividend Announcement

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

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.