iShares Select Dividend ETF $DVY Shares Purchased by Founders Financial Securities LLC

Founders Financial Securities LLC lifted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 56.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,921 shares of the company’s stock after purchasing an additional 6,115 shares during the period. Founders Financial Securities LLC’s holdings in iShares Select Dividend ETF were worth $2,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DVY. Northwestern Mutual Wealth Management Co. lifted its stake in shares of iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock valued at $901,247,000 after purchasing an additional 6,044,290 shares during the period. Miller Howard Investments Inc. NY raised its position in iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after acquiring an additional 445,910 shares during the last quarter. Bank of America Corp DE raised its position in iShares Select Dividend ETF by 3.3% during the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after acquiring an additional 256,434 shares during the last quarter. Orion Porfolio Solutions LLC raised its position in iShares Select Dividend ETF by 526.0% during the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after acquiring an additional 152,417 shares during the last quarter. Finally, UBS Group AG raised its position in iShares Select Dividend ETF by 10.0% during the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock worth $164,130,000 after acquiring an additional 104,866 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $154.96 on Monday. The stock has a market cap of $22.79 billion, a P/E ratio of 13.69 and a beta of 0.67. The company has a 50-day moving average of $152.33 and a two-hundred day moving average of $149.14. iShares Select Dividend ETF has a 12-month low of $129.36 and a 12-month high of $160.38.

iShares Select Dividend ETF Cuts Dividend

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

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.