Physician Wealth Advisors Inc. Takes Position in iShares Select Dividend ETF (NASDAQ:DVY)

Physician Wealth Advisors Inc. purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, Holdings Channel reports. The fund purchased 1,196 shares of the company’s stock, valued at approximately $157,000.

Several other large investors have also recently bought and sold shares of the stock. RWA Wealth Partners LLC lifted its stake in iShares Select Dividend ETF by 52.0% in the fourth quarter. RWA Wealth Partners LLC now owns 13,766 shares of the company’s stock valued at $1,807,000 after acquiring an additional 4,712 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Orion Portfolio Solutions LLC grew its holdings in iShares Select Dividend ETF by 61.8% during the fourth quarter. Orion Portfolio Solutions LLC now owns 52,545 shares of the company’s stock worth $6,899,000 after purchasing an additional 20,063 shares during the period. Moment Partners LLC acquired a new position in iShares Select Dividend ETF during the fourth quarter worth approximately $34,741,000. Finally, JPMorgan Chase & Co. raised its stake in iShares Select Dividend ETF by 22.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock valued at $222,563,000 after buying an additional 314,358 shares during the period. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.8 %

Shares of NASDAQ DVY opened at $132.74 on Monday. The company has a market capitalization of $19.73 billion, a P/E ratio of 15.96 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $115.43 and a 12 month high of $144.09. The stock has a 50 day moving average of $134.70 and a 200-day moving average of $135.13.

iShares Select Dividend ETF Cuts Dividend

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