SVB Wealth LLC Buys Shares of 21,863 iShares Select Dividend ETF (NASDAQ:DVY)

SVB Wealth LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 21,863 shares of the company’s stock, valued at approximately $2,870,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVY. Stephens Inc. AR grew its holdings in iShares Select Dividend ETF by 4.4% in the 3rd quarter. Stephens Inc. AR now owns 20,413 shares of the company’s stock valued at $2,757,000 after buying an additional 868 shares during the last quarter. Gladstone Institutional Advisory LLC grew its holdings in shares of iShares Select Dividend ETF by 0.9% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 13,623 shares of the company’s stock worth $1,840,000 after purchasing an additional 118 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of iShares Select Dividend ETF by 1.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 13,846 shares of the company’s stock worth $1,875,000 after purchasing an additional 229 shares in the last quarter. Private Management Group Inc. acquired a new stake in shares of iShares Select Dividend ETF during the 3rd quarter worth approximately $213,000. Finally, GFS Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 1,832.8% during the 3rd quarter. GFS Advisors LLC now owns 3,769 shares of the company’s stock worth $509,000 after purchasing an additional 3,574 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 1.2 %

Shares of NASDAQ:DVY opened at $138.10 on Friday. iShares Select Dividend ETF has a 1-year low of $115.43 and a 1-year high of $144.09. The firm has a market capitalization of $20.43 billion, a PE ratio of 16.35 and a beta of 0.88. The business’s 50 day moving average is $134.00 and its 200-day moving average is $134.87.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a dividend of $1.3164 per share. The ex-dividend date 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.