29,457 Shares in iShares Select Dividend ETF $DVY Bought by Arax Advisory Partners

Arax Advisory Partners bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 29,457 shares of the company’s stock, valued at approximately $4,158,000.

A number of other large investors have also recently added to or reduced their stakes in DVY. Archer Investment Corp raised its position in iShares Select Dividend ETF by 0.9% in the 4th quarter. Archer Investment Corp now owns 7,840 shares of the company’s stock valued at $1,106,000 after buying an additional 69 shares during the last quarter. Kingsview Wealth Management LLC raised its position in iShares Select Dividend ETF by 1.6% in the 4th quarter. Kingsview Wealth Management LLC now owns 4,463 shares of the company’s stock valued at $630,000 after buying an additional 69 shares during the last quarter. Romano Brothers AND Company raised its position in iShares Select Dividend ETF by 0.7% in the 4th quarter. Romano Brothers AND Company now owns 10,023 shares of the company’s stock valued at $1,415,000 after buying an additional 70 shares during the last quarter. Compound Planning Inc. raised its position in iShares Select Dividend ETF by 2.7% in the 3rd quarter. Compound Planning Inc. now owns 2,785 shares of the company’s stock valued at $396,000 after buying an additional 74 shares during the last quarter. Finally, Journey Advisory Group LLC raised its position in iShares Select Dividend ETF by 0.8% in the 4th quarter. Journey Advisory Group LLC now owns 9,693 shares of the company’s stock valued at $1,368,000 after buying an additional 75 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $158.84 on Monday. The business’s 50 day simple moving average is $153.55 and its 200 day simple moving average is $150.22. iShares Select Dividend ETF has a 52-week low of $129.36 and a 52-week high of $160.38. The firm has a market cap of $23.37 billion, a PE ratio of 13.69 and a beta of 0.66.

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.