SignalPoint Asset Management LLC Raises Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

SignalPoint Asset Management LLC lifted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVYGet Rating) by 5.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 9,010 shares of the company’s stock after purchasing an additional 490 shares during the period. SignalPoint Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $1,154,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Great Valley Advisor Group Inc. grew its position in shares of iShares Select Dividend ETF by 21.7% during the first quarter. Great Valley Advisor Group Inc. now owns 5,744 shares of the company’s stock worth $734,000 after buying an additional 1,024 shares in the last quarter. EverSource Wealth Advisors LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at approximately $90,000. Bouvel Investment Partners LLC boosted its holdings in iShares Select Dividend ETF by 2.0% in the first quarter. Bouvel Investment Partners LLC now owns 18,688 shares of the company’s stock valued at $2,394,000 after purchasing an additional 371 shares in the last quarter. Amussen Hunsaker Associates LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at approximately $201,000. Finally, Patten Group Inc. acquired a new position in iShares Select Dividend ETF in the first quarter valued at approximately $209,000.

iShares Select Dividend ETF Stock Performance

DVY traded down $0.01 on Friday, reaching $120.92. The company’s stock had a trading volume of 436,114 shares, compared to its average volume of 1,237,885. The stock has a 50 day moving average of $120.21 and a two-hundred day moving average of $123.84. iShares Select Dividend ETF has a fifty-two week low of $112.29 and a fifty-two week high of $133.33.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Friday, June 10th were issued a $0.867 dividend. This represents a $3.47 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Thursday, June 9th.

About iShares Select Dividend ETF

(Get Rating)

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.

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Institutional Ownership by Quarter for iShares Select Dividend ETF (NASDAQ:DVY)

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