Essex Financial Services Inc. Increases Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Essex Financial Services Inc. grew its position in iShares Select Dividend ETF (NASDAQ:DVY) by 38.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 30,765 shares of the company’s stock after buying an additional 8,565 shares during the period. Essex Financial Services Inc.’s holdings in iShares Select Dividend ETF were worth $4,039,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in iShares Select Dividend ETF by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after buying an additional 7,012 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of iShares Select Dividend ETF by 2.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock valued at $6,461,000 after acquiring an additional 1,041 shares during the last quarter. Global Retirement Partners LLC grew its stake in shares of iShares Select Dividend ETF by 12.0% in the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock worth $572,000 after acquiring an additional 455 shares during the period. ORG Partners LLC grew its stake 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 acquiring an additional 375 shares during the period. Finally, Regatta Capital Group LLC raised its holdings in shares of iShares Select Dividend ETF by 6.7% during the fourth quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock valued at $521,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.2 %

Shares of DVY stock opened at $134.38 on Tuesday. 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 $19.98 billion, a P/E ratio of 13.25 and a beta of 0.87. The firm’s 50 day moving average is $134.14 and its 200 day moving average is $133.98.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were paid a $1.3164 dividend. 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.