Park Avenue Securities LLC Increases Stock Holdings in iShares Select Dividend ETF $DVY

Park Avenue Securities LLC raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 40.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,733 shares of the company’s stock after acquiring an additional 4,507 shares during the quarter. Park Avenue Securities LLC’s holdings in iShares Select Dividend ETF were worth $2,221,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DVY. First Horizon Corp acquired a new stake in shares of iShares Select Dividend ETF in the third quarter valued at $1,585,000. Flow Traders U.S. LLC acquired a new position in iShares Select Dividend ETF during the 2nd quarter worth $1,405,000. Advisory Services Network LLC increased its holdings in iShares Select Dividend ETF by 11.8% during the 3rd quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after purchasing an additional 13,536 shares during the period. HighTower Advisors LLC increased its holdings in iShares Select Dividend ETF by 5.2% during the 3rd quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after purchasing an additional 16,296 shares during the period. Finally, FAS Wealth Partners Inc. raised its position in iShares Select Dividend ETF by 12.5% in the 3rd quarter. FAS Wealth Partners Inc. now owns 31,308 shares of the company’s stock valued at $4,449,000 after purchasing an additional 3,467 shares in the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $147.64 on Tuesday. iShares Select Dividend ETF has a 1 year low of $115.94 and a 1 year high of $160.38. The stock has a market capitalization of $21.53 billion, a PE ratio of 13.69 and a beta of 0.77. The stock has a 50-day simple moving average of $152.16 and a 200-day simple moving average of $145.23.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a $1.1493 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a yield of 3.1%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.