iShares Select Dividend ETF (NASDAQ:DVY) is Powell Investment Advisors LLC’s 5th Largest Position

Powell Investment Advisors LLC grew its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 92,915 shares of the company’s stock after acquiring an additional 363 shares during the period. iShares Select Dividend ETF comprises about 5.6% of Powell Investment Advisors LLC’s holdings, making the stock its 5th largest holding. Powell Investment Advisors LLC owned about 0.06% of iShares Select Dividend ETF worth $12,199,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DVY. Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares Select Dividend ETF by 340.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in shares of iShares Select Dividend ETF during the third quarter valued at approximately $36,000. JDM Financial Group LLC boosted its position in shares of iShares Select Dividend ETF by 33.3% in the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 75 shares in the last quarter. Weaver Capital Management LLC purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth approximately $43,000. Finally, Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Select Dividend ETF in the 4th quarter worth approximately $52,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.6 %

Shares of NASDAQ:DVY opened at $134.10 on Monday. The stock has a fifty day simple moving average of $134.14 and a two-hundred day simple moving average of $133.93. iShares Select Dividend ETF has a 12-month low of $112.42 and a 12-month high of $144.09. The stock has a market capitalization of $19.93 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a $1.3164 dividend. 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.