Asset Dedication LLC Has $1.94 Million Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Asset Dedication LLC boosted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 18.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,779 shares of the company’s stock after acquiring an additional 2,331 shares during the period. Asset Dedication LLC’s holdings in iShares Select Dividend ETF were worth $1,940,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DVY. NewEdge Advisors LLC increased its stake in iShares Select Dividend ETF by 5.6% in the second quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock valued at $9,164,000 after acquiring an additional 4,031 shares during the period. JPMorgan Chase & Co. grew its stake in iShares Select Dividend ETF by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after buying an additional 7,012 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in iShares Select Dividend ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock worth $6,461,000 after buying an additional 1,041 shares during the last quarter. Global Retirement Partners LLC grew its stake in iShares Select Dividend ETF by 12.0% during the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock worth $572,000 after buying an additional 455 shares during the last quarter. Finally, ORG Partners LLC grew its stake in iShares Select Dividend ETF by 331.9% during the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after buying an additional 375 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.9 %

Shares of iShares Select Dividend ETF stock opened at $134.96 on Wednesday. The stock has a market capitalization of $20.20 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $112.42 and a 1-year high of $144.09. The firm’s 50-day moving average price is $135.44 and its two-hundred day moving average price is $133.49.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date 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.