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

NewEdge Wealth LLC grew its position in iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 36.9% during the 4th quarter, HoldingsChannel reports. The fund owned 22,090 shares of the company’s stock after purchasing 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 quarter.

A number of other hedge funds have also recently made changes to their positions in DVY. Elevated Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF in the fourth quarter worth about $26,000. Ransom Advisory Ltd bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Qube Research & Technologies Ltd bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. Headlands Technologies LLC acquired a new stake in iShares Select Dividend ETF in the 2nd quarter worth approximately $38,000. Finally, Kiker Wealth Management LLC acquired a new stake in iShares Select Dividend ETF in the 3rd quarter worth approximately $41,000. 46.08% of the stock is currently owned by institutional investors.

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iShares Select Dividend ETF Stock Up 0.3%

DVY stock opened at $152.67 on Wednesday. The firm has a 50 day moving average of $151.87 and a 200 day moving average of $147.89. The stock has a market capitalization of $22.46 billion, a PE ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 52 week low of $128.96 and a 52 week 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. Shareholders of record on Tuesday, March 17th were given a dividend of $1.1493 per share. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%.

iShares Select Dividend ETF Company Profile

(Free Report)

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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Want to see what other hedge funds are holding DVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Select Dividend ETF (NASDAQ:DVY – Free Report).

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