Oak Point Wealth Management Invests $329,000 in iShares Select Dividend ETF (DVY) Stock

Oak Point Wealth Management acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,421 shares of the company’s stock, valued at approximately $329,000.

Other large investors have also made changes to their positions in the company. Federated Investors Inc. PA grew its stake in iShares Select Dividend ETF by 244.9% in the 2nd quarter. Federated Investors Inc. PA now owns 1,207 shares of the company’s stock valued at $111,000 after purchasing an additional 857 shares during the period. First Interstate Bank grew its stake in iShares Select Dividend ETF by 148.0% in the 3rd quarter. First Interstate Bank now owns 1,240 shares of the company’s stock valued at $116,000 after purchasing an additional 740 shares during the period. Monetary Management Group Inc. grew its stake in iShares Select Dividend ETF by 8.5% in the 2nd quarter. Monetary Management Group Inc. now owns 1,275 shares of the company’s stock valued at $118,000 after purchasing an additional 100 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its stake in iShares Select Dividend ETF by 2,272.7% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,566 shares of the company’s stock valued at $147,000 after purchasing an additional 1,500 shares during the period. Finally, Intellectus Partners LLC bought a new position in iShares Select Dividend ETF in the 2nd quarter valued at $174,000.

iShares Select Dividend ETF (NASDAQ:DVY) opened at $99.20 on Wednesday. iShares Select Dividend ETF has a 1 year low of $88.03 and a 1 year high of $99.99. The company has a market capitalization of $17,990.00, a price-to-earnings ratio of 16.87 and a beta of 0.75.

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Stockholders of record on Wednesday, December 20th were given a dividend of $0.798 per share. This represents a $3.19 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 19th. This is a boost from iShares Select Dividend ETF’s previous quarterly dividend of $0.73. iShares Select Dividend ETF’s dividend payout ratio is currently 50.34%.

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About iShares Select Dividend ETF

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.

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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