Sovran Advisors LLC Takes Position in iShares Select Dividend ETF (NASDAQ:DVY)

Sovran Advisors LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 3,110 shares of the company’s stock, valued at approximately $408,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Essex Financial Services Inc. grew its stake in iShares Select Dividend ETF by 38.6% in the fourth quarter. Essex Financial Services Inc. now owns 30,765 shares of the company’s stock valued at $4,039,000 after acquiring an additional 8,565 shares during the period. Mill Creek Capital Advisors LLC raised its holdings in iShares Select Dividend ETF by 0.7% during the fourth quarter. Mill Creek Capital Advisors LLC now owns 22,470 shares of the company’s stock worth $2,950,000 after buying an additional 165 shares during the last quarter. Focus Financial Network Inc. raised its holdings in iShares Select Dividend ETF by 8.4% during the fourth quarter. Focus Financial Network Inc. now owns 10,071 shares of the company’s stock worth $1,322,000 after buying an additional 777 shares during the last quarter. Pineridge Advisors LLC acquired a new position in iShares Select Dividend ETF during the fourth quarter worth $79,000. Finally, Principle Wealth Partners LLC raised its holdings in iShares Select Dividend ETF by 48.4% during the fourth quarter. Principle Wealth Partners LLC now owns 43,566 shares of the company’s stock worth $5,720,000 after buying an additional 14,204 shares during the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $134.48 on Thursday. The firm has a 50-day moving average of $133.88 and a 200-day moving average of $134.06. The company has a market cap of $19.99 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 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.