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

HB Wealth Management LLC increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 133,966 shares of the company’s stock after acquiring an additional 7,213 shares during the quarter. HB Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $18,908,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Miller Howard Investments Inc. NY grew its holdings in shares of iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock valued at $71,373,000 after purchasing an additional 445,910 shares during the period. Bank of America Corp DE raised its position in shares of iShares Select Dividend ETF by 3.3% during the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock valued at $1,150,568,000 after buying an additional 256,434 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of iShares Select Dividend ETF by 526.0% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock valued at $24,091,000 after buying an additional 152,417 shares during the period. UBS Group AG raised its position in shares of iShares Select Dividend ETF by 10.0% during the 3rd quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock valued at $164,130,000 after buying an additional 104,866 shares during the period. Finally, Greenberg Financial Group purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $9,049,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY stock opened at $151.86 on Thursday. The firm has a market cap of $22.35 billion, a PE ratio of 13.69 and a beta of 0.71. The firm’s 50 day moving average price is $152.69 and its 200-day moving average price is $146.81. iShares Select Dividend ETF has a one year low of $126.22 and a one year high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a dividend of $1.1493 per share. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%.

About iShares Select Dividend ETF

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.