Perennial Investment Advisors LLC Acquires 1,106 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Perennial Investment Advisors LLC increased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 61.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,908 shares of the company’s stock after acquiring an additional 1,106 shares during the period. Perennial Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $382,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of iShares Select Dividend ETF by 19.9% in the 3rd quarter. FMR LLC now owns 137,441 shares of the company’s stock worth $18,564,000 after buying an additional 22,833 shares in the last quarter. Chevy Chase Trust Holdings LLC bought a new stake in iShares Select Dividend ETF in the third quarter valued at $201,000. Morse Asset Management Inc bought a new stake in iShares Select Dividend ETF in the third quarter valued at $92,000. Quantinno Capital Management LP raised its stake in iShares Select Dividend ETF by 4.8% during the third quarter. Quantinno Capital Management LP now owns 10,655 shares of the company’s stock worth $1,439,000 after acquiring an additional 492 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of iShares Select Dividend ETF by 25.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 68,571 shares of the company’s stock valued at $9,262,000 after acquiring an additional 13,950 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY opened at $122.07 on Friday. The firm has a market cap of $18.20 billion, a price-to-earnings ratio of 14.65 and a beta of 0.78. The firm’s 50-day simple moving average is $134.31 and its 200-day simple moving average is $135.02. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

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

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.