Wade G W & Inc. grew its stake in iShares Select Dividend ETF (NASDAQ:DVY - Get Rating) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 677,379 shares of the company's stock after acquiring an additional 16,666 shares during the quarter. iShares Select Dividend ETF comprises approximately 3.3% of Wade G W & Inc.'s portfolio, making the stock its 3rd biggest holding. Wade G W & Inc. owned approximately 0.36% of iShares Select Dividend ETF worth $81,692,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. First Command Bank lifted its position in iShares Select Dividend ETF by 167.4% during the fourth quarter. First Command Bank now owns 238 shares of the company's stock worth $29,000 after buying an additional 149 shares during the period. Fiduciary Alliance LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter worth about $30,000. Ten Capital Wealth Advisors LLC purchased a new position in shares of iShares Select Dividend ETF in the 3rd quarter worth about $35,000. Almanack Investment Partners LLC. purchased a new position in shares of iShares Select Dividend ETF in the 3rd quarter worth about $35,000. Finally, MADDEN SECURITIES Corp purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth about $36,000. 43.99% of the stock is currently owned by hedge funds and other institutional investors.
iShares Select Dividend ETF Trading Down 1.0 %
Shares of iShares Select Dividend ETF stock traded down $1.10 during trading hours on Thursday, reaching $109.26. The stock had a trading volume of 656,981 shares, compared to its average volume of 677,320. The firm has a 50 day simple moving average of $116.03 and a two-hundred day simple moving average of $118.53. The firm has a market capitalization of $19.90 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $105.59 and a 1 year high of $131.39.
iShares Select Dividend ETF Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 29th. Stockholders of record on Friday, March 24th were issued a $1.005 dividend. The ex-dividend date was Thursday, March 23rd. This represents a $4.02 dividend on an annualized basis and a dividend yield of 3.68%.
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.
Want to see what other hedge funds are holding DVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Select Dividend ETF (NASDAQ:DVY - Get Rating).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to email@example.com.
Before you consider iShares Select Dividend ETF, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and iShares Select Dividend ETF wasn't on the list.
While iShares Select Dividend ETF currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio. Get This Free Report