Bearing Point Capital LLC Makes New $647,000 Investment in iShares Select Dividend ETF $DVY

Bearing Point Capital LLC purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,585 shares of the company’s stock, valued at approximately $647,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Madison Wealth Partners Inc acquired a new stake in iShares Select Dividend ETF during the 4th quarter worth about $324,000. Blueline Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $117,000. Savant Capital LLC grew its position in shares of iShares Select Dividend ETF by 10.0% during the 4th quarter. Savant Capital LLC now owns 9,495 shares of the company’s stock valued at $1,340,000 after acquiring an additional 867 shares during the period. Moors & Cabot Inc. grew its position in shares of iShares Select Dividend ETF by 10.2% during the 4th quarter. Moors & Cabot Inc. now owns 6,440 shares of the company’s stock valued at $909,000 after acquiring an additional 594 shares during the period. Finally, Houlihan Financial Resource Group Ltd. acquired a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at about $228,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.1%

NASDAQ:DVY opened at $154.96 on Friday. iShares Select Dividend ETF has a 52 week low of $129.36 and a 52 week high of $160.38. The stock has a market capitalization of $22.79 billion, a PE ratio of 13.69 and a beta of 0.67. The stock’s 50-day moving average price is $152.33 and its 200-day moving average price is $149.08.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were given a dividend of $1.1493 per share. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend 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.