Blodgett Wealth Advisors LLC increased its stake in the iShares Select Dividend ETF (NASDAQ:DVY – Get Rating) by 11.4% in the fourth quarter, according to its latest disclosure to the Securities and Exchange Commission. The company owned his 12,571 shares of the company’s stock after purchasing an additional 1,283 of his shares during the period. The iShares Select Dividend ETF represents about 1.8% of Blodgett Wealth Advisors LLC’s portfolio, making the stock his 15th largest position in the company. Blodgett Wealth Advisors LLC’s iShares Select Dividend ETF was valued at $1,516,000 as of its latest filing with the SEC.
Other institutional investors have also recently changed their stakes in the company. Trust Co. of Vermont increased his stake in the iShares Select Dividend ETF by 52.1% in the third quarter. Trust Co. of Vermont now owns 3,140 shares of the company worth $337,000 after he purchased an additional 1,075 shares during this period. First Merchants Corp increased shares in the iShares Select Dividend ETF by 20.7% in the third quarter. First Merchants Corp owns 4,365 of his shares worth $468,000 after purchasing an additional 750 of his shares last quarter. Hazlett Burt & Watson Inc. increased shares in the iShares Select Dividend ETF by 1.2% in the third quarter. Hazlett Burt & Watson Inc. now owns 20,451 shares worth $2,193,000 after purchasing an additional 249 shares last quarter. Advisory Alpha LLC increased its shares in the iShares Select Dividend ETF by 43.3% in the fourth quarter. Advisory Alpha LLC now owns 3,225 shares worth $389,000 after purchasing an additional 975 shares in the previous quarter. Finally, MinichMacGregor Wealth Management LLC increased its shares in the iShares Select Dividend ETF by 13.4% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 152,812 shares worth $18,429,000 after purchasing an additional 18,040 shares in the previous quarter. 43.99% of the shares are currently owned by hedge funds and other institutional investors.
iShares Select Dividend ETF stock up 0.3%
NASDAQ DVY shares rose $0.31 on Monday to reach $118.55. His 420,795 shares of the company’s stock were hand traded, compared to an average turnover of 708,977. The iShares Select Dividend ETF has a 12-month low of $105.59 and a 12-month high of $133.33. His 50-day simple moving average for this business is $115.56 and his 200-day simple moving average is $120.69. The company has a market capitalization of $21.87 billion, a price/earnings ratio of 11.69, and a beta of 0.87.
iShares Select Dividend ETF cuts dividend
The company recently announced a quarterly dividend, which was paid out on Wednesday, March 29th. The shareholder of record on Friday, March 24 was paid his $1.005 per share dividend. This represents his $4.02 dividend and his 3.39% dividend yield on an annual basis. The ex-dividend date for this dividend was Thursday, March 23.
iShares Select Dividend ETF Profile
The iShares Select Dividend ETF, formerly the iShares Dow Jones Select Dividend Index Fund (Fund), is an exchange-traded fund. The Fund seeks investment results that generally correspond to the price and yield performance of the Dow Jones US Select Dividend Index (the Index). The index measures the performance of a select group of equity securities issued by companies that consistently offer relatively high dividend yields over a period of time.
Want to know which other hedge funds hold DVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trading of the iShares Select Dividend ETF (NASDAQ:DVY – Get Rating).
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