1,915 Shares in iShares Select Dividend ETF (NASDAQ:DVY) Purchased by Merit Financial Group LLC

Merit Financial Group LLC acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,915 shares of the company’s stock, valued at approximately $225,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC bought a new position in shares of iShares Select Dividend ETF in the fourth quarter worth approximately $27,000. Parkside Financial Bank & Trust lifted its holdings in shares of iShares Select Dividend ETF by 91.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after purchasing an additional 186 shares in the last quarter. JNBA Financial Advisors boosted its position in shares of iShares Select Dividend ETF by 26.6% during 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 during the last quarter. Fortitude Family Office LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at $57,000. Finally, Financial Connections Group Inc. bought a new stake in iShares Select Dividend ETF in the 4th quarter worth about $58,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.9 %

Shares of NASDAQ DVY opened at $124.04 on Friday. The firm’s 50-day moving average price is $120.11 and its 200-day moving average price is $115.73. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $124.06. The company has a market cap of $18.85 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 annualized dividend and a yield of 3.22%. The ex-dividend date 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.