Millennium Capital Advisors LLC Makes New $2 Million Investment in iShares Select Dividend ETF $DVY

Millennium Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 14,197 shares of the company’s stock, valued at approximately $2,004,000. iShares Select Dividend ETF comprises 1.2% of Millennium Capital Advisors LLC’s portfolio, making the stock its 17th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after buying an additional 1,524 shares during the last quarter. AQR Capital Management LLC raised its position in shares of iShares Select Dividend ETF by 44.7% in the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF in the second quarter valued at approximately $34,000. NewEdge Advisors LLC raised its position in shares of iShares Select Dividend ETF by 0.4% in the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after buying an additional 326 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of iShares Select Dividend ETF by 52.8% in the second quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock valued at $3,260,000 after buying an additional 8,479 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $150.96 on Friday. The firm has a 50 day simple moving average of $151.68 and a 200-day simple moving average 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 company also recently disclosed 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 dividend on an annualized basis 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.