Allworth Financial LP Increases Stock Position in iShares Select Dividend ETF $DVY

Allworth Financial LP raised its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 18.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 33,387 shares of the company’s stock after purchasing an additional 5,199 shares during the period. Allworth Financial LP’s holdings in iShares Select Dividend ETF were worth $4,712,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Elevated Capital Advisors LLC purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth about $26,000. Ransom Advisory Ltd purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth about $27,000. Qube Research & Technologies Ltd purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth about $34,000. Headlands Technologies LLC purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter worth about $38,000. Finally, Arvest Investments Inc. purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth about $50,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY opened at $150.96 on Friday. The stock has a 50-day moving average price of $151.68 and a 200-day moving average price of $148.05. The firm has a market cap of $22.21 billion, a PE ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 1 year low of $128.96 and a 1 year high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a $1.1493 dividend. This represents a $4.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.