55 North Private Wealth LLC Makes New $706,000 Investment in iShares Select Dividend ETF $DVY

55 North Private Wealth LLC bought 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. The firm bought 5,000 shares of the company’s stock, valued at approximately $706,000.

Other hedge funds have also recently modified their holdings of the company. First Horizon Corp bought a new position in shares of iShares Select Dividend ETF during the 3rd quarter worth approximately $1,585,000. Advisory Services Network LLC raised its holdings in shares of iShares Select Dividend ETF by 11.8% in the 3rd quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after purchasing an additional 13,536 shares during the period. HighTower Advisors LLC raised its holdings in shares of iShares Select Dividend ETF by 5.2% in the 3rd quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after purchasing an additional 16,296 shares during the period. Park Avenue Securities LLC bought a new stake in shares of iShares Select Dividend ETF in the 3rd quarter worth approximately $1,595,000. Finally, FAS Wealth Partners Inc. raised its holdings in shares of iShares Select Dividend ETF by 12.5% in the 3rd quarter. FAS Wealth Partners Inc. now owns 31,308 shares of the company’s stock worth $4,449,000 after purchasing an additional 3,467 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $153.15 on Monday. The stock has a market capitalization of $22.55 billion, a PE ratio of 13.69 and a beta of 0.71. The firm’s 50 day moving average is $152.89 and its 200 day moving average is $146.63. iShares Select Dividend ETF has a 12 month low of $122.47 and a 12 month high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued 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 was Tuesday, March 17th.

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