GAMMA Investing LLC Invests $27,000 in iShares Select Dividend ETF (NASDAQ:DVY)

GAMMA Investing LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 234 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors also recently modified their holdings of the stock. International Assets Investment Management LLC grew its position in shares of iShares Select Dividend ETF by 12,638.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after purchasing an additional 2,388,510 shares during the period. Comerica Bank acquired a new position in shares of iShares Select Dividend ETF in the 3rd quarter valued at approximately $61,160,000. Miller Howard Investments Inc. NY lifted its stake in iShares Select Dividend ETF by 110.0% in the 4th quarter. Miller Howard Investments Inc. NY now owns 403,081 shares of the company’s stock valued at $47,249,000 after acquiring an additional 211,112 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in iShares Select Dividend ETF by 244.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 171,206 shares of the company’s stock valued at $18,429,000 after acquiring an additional 121,551 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in iShares Select Dividend ETF by 3.0% in the 3rd quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock valued at $370,994,000 after acquiring an additional 101,996 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

NASDAQ DVY opened at $121.94 on Tuesday. The stock has a market capitalization of $18.50 billion, a price-to-earnings ratio of 13.25 and a beta of 0.68. The stock’s 50 day moving average price is $119.70 and its two-hundred day moving average price is $115.50. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $123.43.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend was Thursday, March 21st.

About iShares Select Dividend ETF

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.