Independent Advisor Alliance Takes $3.39 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Independent Advisor Alliance purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, HoldingsChannel reports. The firm purchased 25,813 shares of the company’s stock, valued at approximately $3,389,000.

Several other institutional investors have also recently bought and sold shares of DVY. JPMorgan Chase & Co. lifted 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 period. ORG Partners LLC lifted its holdings in iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after buying an additional 375 shares during the period. Regatta Capital Group LLC boosted its stake in iShares Select Dividend ETF by 6.7% in the fourth quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock valued at $521,000 after acquiring an additional 250 shares during the last quarter. Fulton Bank N.A. grew its holdings 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 worth $3,536,000 after acquiring an additional 4,568 shares during the period. Finally, Private Trust Co. NA grew its holdings 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 worth $1,068,000 after acquiring an additional 121 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.6 %

DVY stock opened at $130.95 on Thursday. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09. The company has a market cap of $19.47 billion, a P/E ratio of 16.35 and a beta of 0.87. The business’s fifty day moving average is $134.27 and its 200-day moving average is $135.07.

iShares Select Dividend ETF Cuts Dividend

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