Level Four Advisory Services LLC Has $2.46 Million Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Level Four Advisory Services LLC lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,705 shares of the company’s stock after selling 1,733 shares during the quarter. Level Four Advisory Services LLC’s holdings in iShares Select Dividend ETF were worth $2,456,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC raised its position in shares of iShares Select Dividend ETF by 194,486.4% during the fourth quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after acquiring an additional 24,476,112 shares during the last quarter. Raymond James Financial Inc. bought a new position in iShares Select Dividend ETF during the fourth quarter worth $156,322,000. Miller Howard Investments Inc. NY lifted its holdings in iShares Select Dividend ETF by 369.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock valued at $65,504,000 after buying an additional 392,667 shares during the period. JPMorgan Chase & Co. boosted its position in iShares Select Dividend ETF by 22.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock valued at $222,563,000 after acquiring an additional 314,358 shares during the last quarter. Finally, Moment Partners LLC acquired a new stake in iShares Select Dividend ETF during the 4th quarter worth about $34,741,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $132.74 on Friday. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09. The stock has a 50 day simple moving average of $134.70 and a two-hundred day simple moving average of $135.09. The company has a market cap of $19.73 billion, a P/E ratio of 15.96 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were given a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.