Confluence Wealth Services Inc. Acquires New Position in iShares Select Dividend ETF (NASDAQ:DVY)

Confluence Wealth Services Inc. acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,612 shares of the company’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently added to or reduced their stakes in DVY. Brookstone Capital Management lifted its position in iShares Select Dividend ETF by 20.8% in the third quarter. Brookstone Capital Management now owns 3,072 shares of the company’s stock valued at $415,000 after purchasing an additional 528 shares during the period. Morton Capital Management LLC CA acquired a new stake in iShares Select Dividend ETF in the third quarter valued at about $221,000. Watts Gwilliam & Co. LLC acquired a new stake in iShares Select Dividend ETF in the third quarter valued at about $1,584,000. JGP Wealth Management LLC lifted its position in iShares Select Dividend ETF by 1.8% in the third quarter. JGP Wealth Management LLC now owns 77,547 shares of the company’s stock valued at $10,474,000 after purchasing an additional 1,392 shares during the period. Finally, Asio Capital LLC acquired a new stake in iShares Select Dividend ETF in the third quarter valued at about $203,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.2 %

Shares of NASDAQ:DVY opened at $134.94 on Friday. iShares Select Dividend ETF has a 52 week low of $112.42 and a 52 week high of $144.09. The company has a market cap of $20.06 billion, a P/E ratio of 13.25 and a beta of 0.87. The company has a 50-day moving average price of $134.49 and a 200 day moving average price of $133.83.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

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.