Cabana LLC Buys Shares of 6,814 iShares Select Dividend ETF $DVY

Cabana LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,814 shares of the company’s stock, valued at approximately $962,000. iShares Select Dividend ETF makes up about 7.2% of Cabana LLC’s investment portfolio, making the stock its 7th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at about $26,000. Ransom Advisory Ltd purchased a new position in iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Allspring Global Investments Holdings LLC lifted its holdings in iShares Select Dividend ETF by 242.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after purchasing an additional 182 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in iShares Select Dividend ETF in the 2nd quarter valued at about $34,000. Finally, Clean Yield Group purchased a new position in shares of iShares Select Dividend ETF during the 3rd quarter worth about $37,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $153.27 on Friday. The firm has a market cap of $22.56 billion, a P/E ratio of 13.69 and a beta of 0.71. iShares Select Dividend ETF has a 1-year low of $126.22 and a 1-year high of $160.38. The firm’s 50-day simple moving average is $152.63 and its 200-day simple moving average is $146.86.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a dividend of $1.1493 per share. This represents a $4.60 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Tuesday, March 17th.

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.