Sequoia Financial Advisors LLC Grows Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Sequoia Financial Advisors LLC boosted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 33.9% in the 4th quarter, Holdings Channel reports. The firm owned 64,070 shares of the company’s stock after purchasing an additional 16,234 shares during the period. Sequoia Financial Advisors LLC’s holdings in iShares Select Dividend ETF were worth $8,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealthfront Advisers LLC raised its position in iShares Select Dividend ETF by 194,486.4% in the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after purchasing an additional 24,476,112 shares during the last quarter. Bank of New York Mellon Corp raised its position in iShares Select Dividend ETF by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock worth $247,059,000 after buying an additional 13,228 shares during the last quarter. LPL Financial LLC raised its position in iShares Select Dividend ETF by 4.6% during the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after buying an additional 64,620 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Select Dividend ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after buying an additional 7,012 shares during the last quarter. Finally, Truist Financial Corp raised its position in iShares Select Dividend ETF by 3.9% during the 4th quarter. Truist Financial Corp now owns 1,195,080 shares of the company’s stock worth $156,902,000 after buying an additional 44,508 shares during the last quarter. Hedge funds and other 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 $130.95 on Thursday. The company has a market cap of $19.47 billion, a P/E ratio of 16.35 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $115.43 and a one year high of $144.09. The firm has a fifty day moving average of $134.27 and a two-hundred day moving average of $135.07.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date of this dividend was Tuesday, December 17th.

About iShares Select Dividend ETF

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.