Advisory Services Network LLC Has $18.29 Million Stake in iShares Select Dividend ETF $DVY

Advisory Services Network LLC grew its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 11.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,690 shares of the company’s stock after buying an additional 13,536 shares during the period. Advisory Services Network LLC owned approximately 0.09% of iShares Select Dividend ETF worth $18,287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC raised its stake in iShares Select Dividend ETF by 14.3% in the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after purchasing an additional 1,524 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after purchasing an additional 3,918 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in iShares Select Dividend ETF by 12.4% during the 2nd quarter. Foundations Investment Advisors LLC now owns 3,649 shares of the company’s stock worth $485,000 after acquiring an additional 403 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in iShares Select Dividend ETF in the second quarter valued at $29,000. Finally, Dorsey & Whitney Trust CO LLC raised its position in shares of iShares Select Dividend ETF by 42.3% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 7,651 shares of the company’s stock worth $1,016,000 after acquiring an additional 2,273 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $150.86 on Wednesday. The company has a market capitalization of $22.00 billion, a P/E ratio of 13.69 and a beta of 0.77. iShares Select Dividend ETF has a 52-week low of $115.94 and a 52-week high of $160.38. The company’s 50 day moving average price is $151.92 and its 200-day moving average price is $145.05.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th will be paid a $1.1493 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, March 17th.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.