MLP3 LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY – Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,484 shares of the company’s stock, valued at approximately $1,480,000. iShares Select Dividend ETF makes up 1.6% of MLP3 LLC’s holdings, making the stock its 17th biggest position.
A number of other hedge funds have also made changes to their positions in the company. HighTower Advisors LLC increased its position in iShares Select Dividend ETF by 5.2% during the 3rd quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after purchasing an additional 16,296 shares in the last quarter. Advisory Services Network LLC increased its position in iShares Select Dividend ETF by 11.8% during the 3rd quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after purchasing an additional 13,536 shares in the last quarter. Caprock Group LLC purchased a new stake in iShares Select Dividend ETF during the 3rd quarter worth about $459,000. American Wealth Advisors LLC purchased a new stake in iShares Select Dividend ETF during the 3rd quarter worth about $1,884,000. Finally, CIBC Bancorp USA Inc. purchased a new stake in iShares Select Dividend ETF during the 3rd quarter worth about $8,718,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.
iShares Select Dividend ETF Stock Performance
iShares Select Dividend ETF stock opened at $158.84 on Monday. The stock has a market cap of $23.37 billion, a PE ratio of 13.69 and a beta of 0.66. The stock has a 50-day moving average price of $153.55 and a 200 day moving average price of $150.22. iShares Select Dividend ETF has a 52 week low of $129.36 and a 52 week high of $160.38.
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.
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