Independence Bank of Kentucky Buys 6,360 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Independence Bank of Kentucky raised its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 71.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 15,215 shares of the company’s stock after acquiring an additional 6,360 shares during the quarter. Independence Bank of Kentucky’s holdings in iShares Select Dividend ETF were worth $1,998,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in iShares Select Dividend ETF by 340.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after acquiring an additional 150 shares in the last quarter. ORG Wealth Partners LLC bought a new stake in shares of iShares Select Dividend ETF in the 3rd quarter worth approximately $36,000. JDM Financial Group LLC grew its stake in shares of iShares Select Dividend ETF by 33.3% in the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after buying an additional 75 shares during the last quarter. ORG Partners LLC increased its position in iShares Select Dividend ETF by 331.9% during the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after buying an additional 375 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in iShares Select Dividend ETF by 205.3% during the fourth quarter. Armstrong Advisory Group Inc. now owns 516 shares of the company’s stock valued at $68,000 after buying an additional 347 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.7 %

NASDAQ DVY opened at $134.75 on Friday. iShares Select Dividend ETF has a 12 month low of $112.42 and a 12 month high of $144.09. The stock’s fifty day moving average price is $135.03 and its 200-day moving average price is $133.64. The stock has a market cap of $20.17 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Investors 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.