Allworth Financial LP Purchases 5,199 Shares of iShares Select Dividend ETF $DVY

Allworth Financial LP increased its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 18.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,387 shares of the company’s stock after acquiring an additional 5,199 shares during the quarter. Allworth Financial LP’s holdings in iShares Select Dividend ETF were worth $4,712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DVY. Elevated Capital Advisors LLC purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth $26,000. Ransom Advisory Ltd purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth $27,000. Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF in the second quarter worth $34,000. Headlands Technologies LLC purchased a new stake in iShares Select Dividend ETF in the second quarter worth $38,000. Finally, Arvest Investments Inc. purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth $50,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 1.0%

Shares of DVY stock opened at $150.96 on Friday. The stock has a fifty day moving average of $151.68 and a 200 day moving average of $148.05. iShares Select Dividend ETF has a 52 week low of $128.96 and a 52 week high of $160.38. The firm has a market capitalization of $22.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed 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 annualized dividend and a yield of 3.0%.

iShares Select Dividend ETF 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.