HB Wealth Management LLC Raises Holdings in iShares Select Dividend ETF $DVY

HB Wealth Management LLC lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 133,966 shares of the company’s stock after buying an additional 7,213 shares during the quarter. HB Wealth Management LLC owned approximately 0.09% of iShares Select Dividend ETF worth $18,908,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Kingswood Wealth Advisors LLC boosted its stake in shares of iShares Select Dividend ETF by 4.1% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 61,091 shares of the company’s stock worth $8,622,000 after buying an additional 2,381 shares during the last quarter. Global Trust Wealth Management LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $512,000. SageGuard Financial Group LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $773,000. Round Rock Advisors LLC increased its holdings in shares of iShares Select Dividend ETF by 2.7% during the 4th quarter. Round Rock Advisors LLC now owns 110,913 shares of the company’s stock valued at $15,654,000 after purchasing an additional 2,877 shares in the last quarter. Finally, Able Wealth Management LLC increased its holdings in shares of iShares Select Dividend ETF by 5.1% during the 4th quarter. Able Wealth Management LLC now owns 6,681 shares of the company’s stock valued at $943,000 after purchasing an additional 325 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 $151.86 on Thursday. The firm has a market cap of $22.35 billion, a price-to-earnings ratio of 13.69 and a beta of 0.71. The company has a 50 day moving average price of $152.69 and a 200-day moving average price of $146.81. iShares Select Dividend ETF has a 1-year low of $126.22 and a 1-year high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $1.1493 per share. 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 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.