PMG Wealth Management Inc. Acquires New Stake in iShares Select Dividend ETF (NASDAQ:DVY)

PMG Wealth Management Inc. bought a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, Holdings Channel reports. The firm bought 2,802 shares of the company’s stock, valued at approximately $368,000.

Other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after buying an additional 150 shares in the last quarter. Creative Capital Management Investments LLC bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at $33,000. Roxbury Financial LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $38,000. JDM Financial Group LLC boosted its holdings in shares of iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after acquiring an additional 75 shares during the period. Finally, Weaver Capital Management LLC purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter valued at $43,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $136.69 on Friday. The business’s fifty day moving average is $133.51 and its 200 day moving average is $134.33. The firm has a market cap of $20.32 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $115.02 and a 52-week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date was Tuesday, December 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.