Morgan Dempsey Capital Management LLC Purchases Shares of 21,062 iShares Select Dividend ETF (NASDAQ:DVY)

Morgan Dempsey Capital Management LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 21,062 shares of the company’s stock, valued at approximately $2,765,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Providence First Trust Co grew its holdings in iShares Select Dividend ETF by 54.3% in the 4th quarter. Providence First Trust Co now owns 20,586 shares of the company’s stock valued at $2,703,000 after buying an additional 7,241 shares during the period. ADG Wealth Management Group LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $1,149,000. SVB Wealth LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at about $2,870,000. Motco lifted its stake in shares of iShares Select Dividend ETF by 35.1% in the 4th quarter. Motco now owns 2,311 shares of the company’s stock valued at $303,000 after purchasing an additional 600 shares in the last quarter. Finally, Private Trust Co. NA lifted its stake in shares of iShares Select Dividend ETF by 1.5% in the 4th quarter. Private Trust Co. NA now owns 8,136 shares of the company’s stock valued at $1,068,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY opened at $138.10 on Friday. The firm has a market capitalization of $20.43 billion, a P/E ratio of 16.35 and a beta of 0.88. iShares Select Dividend ETF has a 1-year low of $115.43 and a 1-year high of $144.09. The business’s 50-day simple moving average is $134.00 and its 200-day simple 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 paid a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares Select Dividend ETF Company 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.