Cornerstone Wealth Management LLC Buys 312 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Cornerstone Wealth Management LLC lifted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,516 shares of the company’s stock after purchasing an additional 312 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $724,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DVY. Thurston Springer Miller Herd & Titak Inc. grew its holdings in iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. ORG Wealth Partners LLC bought a new position in iShares Select Dividend ETF in the 3rd quarter valued at $36,000. JDM Financial Group LLC grew its position in shares of iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares in the last quarter. M&R Capital Management Inc. grew its position in shares of iShares Select Dividend ETF by 1,455.0% during the 3rd quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock valued at $42,000 after purchasing an additional 291 shares in the last quarter. Finally, ORG Partners LLC increased its holdings in shares of iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after purchasing an additional 375 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.6 %

Shares of NASDAQ DVY opened at $135.10 on Friday. The stock’s 50-day simple moving average is $135.50 and its two-hundred day simple moving average is $133.23. iShares Select Dividend ETF has a twelve month low of $112.42 and a twelve month high of $144.09. The firm has a market capitalization of $20.24 billion, a P/E 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.

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.