VSM Wealth Advisory LLC Takes Position in iShares Select Dividend ETF (NASDAQ:DVY)

VSM Wealth Advisory LLC acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 499 shares of the company’s stock, valued at approximately $65,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DVY. Wealthfront Advisers LLC raised its stake in iShares Select Dividend ETF by 194,486.4% during the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after buying an additional 24,476,112 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares Select Dividend ETF by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock worth $247,059,000 after acquiring an additional 13,228 shares during the period. LPL Financial LLC increased its position in iShares Select Dividend ETF by 4.6% during the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after acquiring an additional 64,620 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after acquiring an additional 7,012 shares during the period. Finally, Truist Financial Corp boosted its position in iShares Select Dividend ETF by 3.9% in the fourth quarter. Truist Financial Corp now owns 1,195,080 shares of the company’s stock worth $156,902,000 after purchasing an additional 44,508 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.7 %

NASDAQ DVY opened at $133.84 on Thursday. The company has a 50-day moving average price of $134.46 and a 200-day moving average price of $135.08. iShares Select Dividend ETF has a 52 week low of $115.43 and a 52 week high of $144.09. The firm has a market capitalization of $19.77 billion, a P/E ratio of 15.96 and a beta of 0.88.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $1.0495 per share. The ex-dividend date is Tuesday, March 18th.

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.