iShares Select Dividend ETF $DVY Shares Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 56.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,921 shares of the company’s stock after acquiring an additional 6,115 shares during the quarter. Founders Financial Securities LLC’s holdings in iShares Select Dividend ETF were worth $2,388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elevated Capital Advisors LLC acquired a new stake in iShares Select Dividend ETF during the 4th quarter worth $26,000. Ransom Advisory Ltd acquired a new stake in iShares Select Dividend ETF during the 4th quarter worth $27,000. Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF during the 2nd quarter worth $34,000. Headlands Technologies LLC acquired a new stake in iShares Select Dividend ETF during the 2nd quarter worth $38,000. Finally, Arvest Investments Inc. purchased a new position in iShares Select Dividend ETF during the 4th quarter worth $50,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $154.96 on Monday. iShares Select Dividend ETF has a 1 year low of $129.36 and a 1 year high of $160.38. The company has a market capitalization of $22.79 billion, a P/E ratio of 13.69 and a beta of 0.67. The company’s fifty day moving average is $152.33 and its two-hundred day moving average is $149.14.

iShares Select Dividend ETF Cuts Dividend

The firm 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. This represents a $4.60 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 17th.

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.