Kingswood Wealth Advisors LLC Raises Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Kingswood Wealth Advisors LLC boosted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 111.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 43,297 shares of the company’s stock after purchasing an additional 22,826 shares during the period. Kingswood Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $5,685,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. boosted its position in iShares Select Dividend ETF by 340.9% in 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 during the last quarter. ORG Wealth Partners LLC acquired a new stake in iShares Select Dividend ETF during the 3rd quarter valued at approximately $36,000. JDM Financial Group LLC increased its holdings in iShares Select Dividend ETF by 33.3% during 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 during the last quarter. M&R Capital Management Inc. raised its position in shares of iShares Select Dividend ETF by 1,455.0% in 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 raised its position in shares of iShares Select Dividend ETF by 331.9% in the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after purchasing an additional 375 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

DVY opened at $135.10 on Monday. 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 $20.24 billion, a PE ratio of 13.25 and a beta of 0.87. The firm’s fifty day moving average price is $135.50 and its 200 day moving average price is $133.32.

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 dividend of $1.3164 per share. The ex-dividend date of this dividend 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.