IFP Advisors Inc Buys 21,125 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

IFP Advisors Inc increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 122.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,437 shares of the company’s stock after buying an additional 21,125 shares during the quarter. IFP Advisors Inc’s holdings in iShares Select Dividend ETF were worth $5,047,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DVY. Mirae Asset Global Investments Co. Ltd. raised its position in shares of iShares Select Dividend ETF by 13.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,800 shares of the company’s stock valued at $2,533,000 after buying an additional 2,200 shares in the last quarter. Pallas Capital Advisors LLC increased its stake in iShares Select Dividend ETF by 51.3% in the third quarter. Pallas Capital Advisors LLC now owns 19,105 shares of the company’s stock valued at $2,581,000 after acquiring an additional 6,481 shares during the last quarter. Worth Financial Advisory Group LLC acquired a new position in iShares Select Dividend ETF during the third quarter valued at approximately $217,000. Cantor Fitzgerald Investment Advisors L.P. bought a new stake in iShares Select Dividend ETF during the third quarter worth $344,000. Finally, Integrated Advisors Network LLC lifted its stake in iShares Select Dividend ETF by 19.0% during the third quarter. Integrated Advisors Network LLC now owns 41,668 shares of the company’s stock worth $5,628,000 after purchasing an additional 6,642 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $136.98 on Tuesday. iShares Select Dividend ETF has a 52-week low of $115.02 and a 52-week high of $144.09. The firm has a market cap of $20.36 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The business’s fifty day moving average is $133.52 and its 200-day moving average is $134.63.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $1.3164 dividend. The ex-dividend date of this dividend 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.