DAVENPORT & Co LLC Buys 8,903 Shares of iShares Select Dividend ETF $DVY

DAVENPORT & Co LLC raised its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 10.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,269 shares of the company’s stock after purchasing an additional 8,903 shares during the period. DAVENPORT & Co LLC’s holdings in iShares Select Dividend ETF were worth $13,164,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Parvin Asset Management LLC bought a new stake in shares of iShares Select Dividend ETF during the 2nd quarter worth about $27,000. Ransom Advisory Ltd bought a new position in iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Total Investment Management Inc. bought a new position in iShares Select Dividend ETF in the 2nd quarter valued at about $29,000. Kilter Group LLC acquired a new stake in iShares Select Dividend ETF during the second quarter worth approximately $31,000. Finally, Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF during the second quarter worth approximately $34,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.4%

Shares of NASDAQ:DVY opened at $149.53 on Thursday. iShares Select Dividend ETF has a 12-month low of $115.94 and a 12-month high of $160.38. The business has a 50 day moving average of $152.29 and a 200-day moving average of $145.31. The stock has a market cap of $21.81 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a dividend of $1.1493 per share. This represents a $4.60 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was 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.