Hilton Capital Management LLC Buys Shares of 5,455 iShares Select Dividend ETF (NASDAQ:DVY)

Hilton Capital Management LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 5,455 shares of the company’s stock, valued at approximately $737,000.

Other hedge funds also recently made changes to their positions in the company. Addison Advisors LLC grew its holdings in iShares Select Dividend ETF by 107.1% during the 2nd quarter. Addison Advisors LLC now owns 232 shares of the company’s stock valued at $28,000 after buying an additional 120 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of iShares Select Dividend ETF in the second quarter valued at approximately $30,000. ORG Partners LLC purchased a new position in iShares Select Dividend ETF during the second quarter valued at approximately $32,000. Family Firm Inc. bought a new stake in iShares Select Dividend ETF during the 2nd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC purchased a new stake in iShares Select Dividend ETF in the 3rd quarter worth approximately $36,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $139.00 on Thursday. The firm has a fifty day moving average price of $135.40 and a two-hundred day moving average price of $128.99. The company has a market cap of $20.71 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $109.42 and a one year high of $139.90.

iShares Select Dividend ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were paid a dividend of $1.5496 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

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.