Stronghold Wealth Management L.L.C. Purchases Shares of 6,960 iShares Select Dividend ETF $DVY

Stronghold Wealth Management L.L.C. purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,960 shares of the company’s stock, valued at approximately $982,000. iShares Select Dividend ETF makes up 1.5% of Stronghold Wealth Management L.L.C.’s holdings, making the stock its 12th largest holding.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in DVY. Brighton Jones LLC boosted its position in iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after buying an additional 1,524 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF during the second quarter worth approximately $34,000. NewEdge Advisors LLC lifted its position in shares of iShares Select Dividend ETF by 0.4% during the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after purchasing an additional 326 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of iShares Select Dividend ETF by 52.8% during the second quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after purchasing an additional 8,479 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $150.96 on Monday. iShares Select Dividend ETF has a 1 year low of $128.96 and a 1 year high of $160.38. The firm’s 50 day moving average is $151.68 and its 200-day moving average is $148.09. The firm has a market capitalization of $22.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF 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.