Edge Wealth Management LLC Purchases 125 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Edge Wealth Management LLC lifted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.2% during the fourth quarter, HoldingsChannel reports. The firm owned 10,973 shares of the company’s stock after purchasing an additional 125 shares during the period. Edge Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $1,441,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DVY. Moors & Cabot Inc. increased its position in iShares Select Dividend ETF by 7.2% in the 2nd quarter. Moors & Cabot Inc. now owns 5,997 shares of the company’s stock worth $725,000 after buying an additional 404 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of iShares Select Dividend ETF in the second quarter worth $223,000. Wealth Alliance increased its position in iShares Select Dividend ETF by 66.1% during the second quarter. Wealth Alliance now owns 9,457 shares of the company’s stock worth $1,144,000 after acquiring an additional 3,764 shares during the period. Hsbc Holdings PLC raised its stake in iShares Select Dividend ETF by 84.7% during the 2nd quarter. Hsbc Holdings PLC now owns 25,554 shares of the company’s stock valued at $3,092,000 after purchasing an additional 11,722 shares during the last quarter. Finally, Carolinas Wealth Consulting LLC raised its stake in iShares Select Dividend ETF by 5.7% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 3,290 shares of the company’s stock valued at $398,000 after purchasing an additional 176 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $133.92 on Friday. The company’s fifty day moving average is $135.98 and its two-hundred day moving average is $132.62. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09. The firm has a market capitalization of $20.34 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 announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

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.