Federated Hermes Inc. Invests $3.83 Million in iShares Select Dividend ETF (NASDAQ:DVY)

Federated Hermes Inc. bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 32,700 shares of the company’s stock, valued at approximately $3,833,000.

Several other institutional investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC boosted its stake in shares of iShares Select Dividend ETF by 2.1% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock valued at $513,000 after purchasing an additional 88 shares in the last quarter. JNBA Financial Advisors boosted its position in iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after buying an additional 94 shares in the last quarter. Sunbelt Securities Inc. grew its stake in iShares Select Dividend ETF by 0.6% during the third quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock worth $1,730,000 after buying an additional 96 shares during the last quarter. Access Financial Services Inc. increased its holdings in shares of iShares Select Dividend ETF by 0.5% during the fourth quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock worth $2,272,000 after buying an additional 96 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in shares of iShares Select Dividend ETF by 3.9% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock valued at $298,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.3 %

Shares of NASDAQ:DVY opened at $119.78 on Friday. The company’s 50-day moving average price is $119.11 and its two-hundred day moving average price is $114.83. The firm has a market cap of $18.20 billion, a P/E ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $123.43.

iShares Select Dividend ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a $0.9976 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a yield of 3.33%.

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.