Edge Capital Group LLC Raises Position in iShares Select Dividend ETF (NASDAQ:DVY)

Edge Capital Group LLC raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 22.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 16,313 shares of the company’s stock after buying an additional 3,008 shares during the quarter. Edge Capital Group LLC’s holdings in iShares Select Dividend ETF were worth $2,142,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DVY. Mirae Asset Global Investments Co. Ltd. raised its stake 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 worth $2,533,000 after purchasing an additional 2,200 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of iShares Select Dividend ETF by 138.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 11,895 shares of the company’s stock valued at $1,607,000 after acquiring an additional 6,913 shares during the last quarter. Pathway Financial Advisers LLC increased its position in shares of iShares Select Dividend ETF by 1.5% during the third quarter. Pathway Financial Advisers LLC now owns 6,228 shares of the company’s stock valued at $841,000 after acquiring an additional 91 shares during the last quarter. PFG Investments LLC increased its position in shares of iShares Select Dividend ETF by 4.3% during the third quarter. PFG Investments LLC now owns 14,537 shares of the company’s stock valued at $1,964,000 after acquiring an additional 605 shares during the last quarter. Finally, Ellis Investment Partners LLC increased its position in shares of iShares Select Dividend ETF by 0.8% during the third quarter. Ellis Investment Partners LLC now owns 224,564 shares of the company’s stock valued at $30,332,000 after acquiring an additional 1,745 shares during the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.5 %

Shares of DVY opened at $136.69 on Monday. The company has a market capitalization of $20.32 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The stock has a 50 day moving average of $133.50 and a 200 day moving average of $134.56. 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 declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

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.