Financial Advocates Investment Management Buys 4,840 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Financial Advocates Investment Management boosted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 39.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,241 shares of the company’s stock after buying an additional 4,840 shares during the quarter. Financial Advocates Investment Management’s holdings in iShares Select Dividend ETF were worth $2,329,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Kovack Advisors Inc. bought a new stake in shares of iShares Select Dividend ETF in the 1st quarter valued at about $230,000. Ashton Thomas Private Wealth LLC raised its holdings in shares of iShares Select Dividend ETF by 7.2% in the 1st quarter. Ashton Thomas Private Wealth LLC now owns 13,466 shares of the company’s stock valued at $1,659,000 after purchasing an additional 904 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 2.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 44,474 shares of the company’s stock valued at $5,478,000 after purchasing an additional 1,029 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of iShares Select Dividend ETF by 607.0% in the 1st quarter. BNP Paribas Financial Markets now owns 50,208 shares of the company’s stock valued at $6,185,000 after purchasing an additional 43,106 shares in the last quarter. Finally, Argent Advisors Inc. raised its holdings in shares of iShares Select Dividend ETF by 28.2% in the 1st quarter. Argent Advisors Inc. now owns 29,600 shares of the company’s stock valued at $3,646,000 after purchasing an additional 6,504 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $134.75 on Friday. The firm has a 50-day simple moving average of $134.07 and a 200-day simple moving average of $127.14. iShares Select Dividend ETF has a one year low of $103.76 and a one year high of $137.26. The firm has a market cap of $20.09 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were given a $1.5496 dividend. The ex-dividend date was Wednesday, September 25th.

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.