Fortis Group Advisors LLC Boosts Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Fortis Group Advisors LLC raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 94.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,725 shares of the company’s stock after purchasing an additional 5,215 shares during the quarter. Fortis Group Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,449,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Addison Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 107.1% during the second quarter. Addison Advisors LLC now owns 232 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in iShares Select Dividend ETF during the 2nd quarter worth approximately $30,000. ORG Partners LLC purchased a new stake in iShares Select Dividend ETF during the 2nd quarter worth approximately $32,000. ORG Wealth Partners LLC purchased a new stake in iShares Select Dividend ETF during the 3rd quarter worth approximately $36,000. Finally, Family Firm Inc. purchased a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $36,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.7 %

Shares of NASDAQ DVY traded down $0.94 during mid-day trading on Tuesday, reaching $134.40. The company had a trading volume of 59,386 shares, compared to its average volume of 462,825. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $137.26. The stock has a market cap of $20.09 billion, a P/E ratio of 13.25 and a beta of 0.87. The firm has a 50 day simple moving average of $133.22 and a two-hundred day simple moving average of $126.43.

iShares Select Dividend ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were issued a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

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.