Marshall Investment Management LLC Acquires Shares of 348 iShares Select Dividend ETF (NASDAQ:DVY)

Marshall Investment Management LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 348 shares of the company’s stock, valued at approximately $47,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DVY. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of iShares Select Dividend ETF by 13.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,800 shares of the company’s stock valued at $2,533,000 after purchasing an additional 2,200 shares during the period. NorthCrest Asset Manangement LLC increased its holdings in shares of iShares Select Dividend ETF by 138.8% in the third quarter. NorthCrest Asset Manangement LLC now owns 11,895 shares of the company’s stock valued at $1,607,000 after purchasing an additional 6,913 shares during the period. Viewpoint Capital Management LLC increased its holdings in shares of iShares Select Dividend ETF by 13.1% in the third quarter. Viewpoint Capital Management LLC now owns 9,613 shares of the company’s stock valued at $1,295,000 after purchasing an additional 1,113 shares during the period. Pathway Financial Advisers LLC increased its holdings in shares of iShares Select Dividend ETF by 1.5% in the third quarter. Pathway Financial Advisers LLC now owns 6,228 shares of the company’s stock valued at $841,000 after purchasing an additional 91 shares during the period. Finally, PFG Investments LLC increased its holdings in shares of iShares Select Dividend ETF by 4.3% in the third quarter. PFG Investments LLC now owns 14,537 shares of the company’s stock valued at $1,964,000 after purchasing an additional 605 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.5 %

NASDAQ:DVY opened at $136.69 on Friday. The firm has a market cap of $20.32 billion, a P/E ratio of 13.25 and a beta of 0.87. The stock’s 50 day simple moving average is $133.50 and its 200-day simple moving average is $134.49. iShares Select Dividend ETF has a 12-month low of $115.02 and a 12-month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $1.3164 per share. The ex-dividend date of this dividend 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.