Davis R M Inc. Grows Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Davis R M Inc. raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,011 shares of the company’s stock after acquiring an additional 118 shares during the period. Davis R M Inc.’s holdings in iShares Select Dividend ETF were worth $353,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DVY. Signaturefd LLC lifted its holdings in iShares Select Dividend ETF by 30.0% in the third quarter. Signaturefd LLC now owns 1,864 shares of the company’s stock valued at $201,000 after acquiring an additional 430 shares during the period. TIAA Trust National Association increased its position in iShares Select Dividend ETF by 4.7% in the fourth quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock worth $1,140,000 after buying an additional 437 shares in the last quarter. Park Place Capital Corp increased its position in iShares Select Dividend ETF by 1.6% in the fourth quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock worth $984,000 after buying an additional 129 shares in the last quarter. Ledge Wealth Management Inc. purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth about $202,000. Finally, Relyea Zuckerberg Hanson LLC purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth about $200,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Down 0.9 %

DVY traded down $1.17 during midday trading on Thursday, reaching $123.30. The company had a trading volume of 46,987 shares, compared to its average volume of 537,532. The business has a 50-day moving average of $121.21 and a two-hundred day moving average of $117.06. The company has a market cap of $18.74 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $125.99.

iShares Select Dividend ETF Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were given a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend was Thursday, March 21st.

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.