NewEdge Wealth LLC Raises Stake in iShares Select Dividend ETF $DVY

NewEdge Wealth LLC boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 36.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,090 shares of the company’s stock after acquiring an additional 5,960 shares during the period. NewEdge Wealth LLC’s holdings in iShares Select Dividend ETF were worth $3,118,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Elevated Capital Advisors LLC bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at about $26,000. Ransom Advisory Ltd purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $27,000. Qube Research & Technologies Ltd purchased a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth $34,000. Headlands Technologies LLC purchased a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth $38,000. Finally, Kiker Wealth Management LLC bought a new position in shares of iShares Select Dividend ETF in the third quarter worth approximately $41,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

DVY opened at $152.67 on Wednesday. The firm has a market cap of $22.46 billion, a P/E 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. The company has a 50 day simple moving average of $151.87 and a two-hundred day simple moving average of $147.89.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued 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.