Ring Mountain Capital LLC Takes $226,000 Position in iShares Select Dividend ETF (NASDAQ:DVY)

Ring Mountain Capital LLC purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 1,723 shares of the company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 valued at $186,510,000 after purchasing an additional 7,012 shares during the last quarter. ORG Partners LLC raised its position in iShares Select Dividend ETF by 331.9% during the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after purchasing an additional 375 shares during the last quarter. Regatta Capital Group LLC raised its position in iShares Select Dividend ETF by 6.7% during the 4th quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock valued at $521,000 after purchasing an additional 250 shares during the last quarter. Fulton Bank N.A. raised its position in iShares Select Dividend ETF by 20.4% during the 4th quarter. Fulton Bank N.A. now owns 26,935 shares of the company’s stock valued at $3,536,000 after purchasing an additional 4,568 shares during the last quarter. Finally, Private Trust Co. NA raised its position in iShares Select Dividend ETF by 1.5% during the 4th quarter. Private Trust Co. NA now owns 8,136 shares of the company’s stock valued at $1,068,000 after purchasing an additional 121 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY opened at $137.45 on Tuesday. The business has a 50 day simple moving average of $134.12 and a two-hundred day simple moving average of $134.99. The firm has a market capitalization of $20.43 billion, a price-to-earnings 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.

iShares Select Dividend ETF Cuts Dividend

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

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.