Advisory Services Network LLC Purchases 13,536 Shares of iShares Select Dividend ETF $DVY

Advisory Services Network LLC increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 11.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 128,690 shares of the company’s stock after purchasing an additional 13,536 shares during the period. Advisory Services Network LLC’s holdings in iShares Select Dividend ETF were worth $18,287,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after buying an additional 1,524 shares during the last quarter. AQR Capital Management LLC grew its position in iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares during the period. Foundations Investment Advisors LLC increased its stake in shares of iShares Select Dividend ETF by 12.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 3,649 shares of the company’s stock worth $485,000 after purchasing an additional 403 shares during the last quarter. Financial Gravity Companies Inc. purchased a new stake in iShares Select Dividend ETF in the second quarter worth $29,000. Finally, Dorsey & Whitney Trust CO LLC raised its stake in iShares Select Dividend ETF by 42.3% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 7,651 shares of the company’s stock valued at $1,016,000 after acquiring an additional 2,273 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.2%

NASDAQ DVY opened at $150.86 on Wednesday. The company’s 50 day moving average is $151.92 and its 200-day moving average is $145.05. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $160.38. The firm has a market cap of $22.00 billion, a P/E ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Tuesday, March 17th will be paid a dividend of $1.1493 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is 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.