Axxcess Wealth Management LLC Buys 19,755 Shares of iShares Select Dividend ETF $DVY

Axxcess Wealth Management LLC increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 245.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 27,814 shares of the company’s stock after acquiring an additional 19,755 shares during the quarter. Axxcess Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $3,926,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DVY. Northwestern Mutual Wealth Management Co. grew its stake in shares of iShares Select Dividend ETF by 1,771.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after purchasing an additional 6,044,290 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in shares of iShares Select Dividend ETF by 745.9% during 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 last quarter. Bank of America Corp DE lifted its holdings in iShares Select Dividend ETF by 3.3% in the third 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 lifted its holdings in iShares Select Dividend ETF by 526.0% in the second 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. Finally, UBS Group AG lifted its holdings in iShares Select Dividend ETF by 10.0% in the third 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. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $155.76 on Monday. The company’s 50 day simple moving average is $151.84 and its 200 day simple moving average is $148.58. iShares Select Dividend ETF has a fifty-two week low of $128.96 and a fifty-two week high of $160.38. The firm has a market capitalization of $22.91 billion, a P/E ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

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