iShares Select Dividend ETF $DVY Position Increased by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC raised its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 361.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,122 shares of the company’s stock after buying an additional 26,727 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $4,816,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Elevated Capital Advisors LLC purchased a new stake in iShares Select Dividend ETF during the fourth quarter valued at about $26,000. Ransom Advisory Ltd purchased a new stake in iShares Select Dividend ETF during the fourth quarter valued at about $27,000. Qube Research & Technologies Ltd purchased a new stake in iShares Select Dividend ETF during the second quarter valued at about $34,000. Allspring Global Investments Holdings LLC lifted its stake in iShares Select Dividend ETF by 242.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after buying an additional 182 shares in the last quarter. Finally, Clean Yield Group purchased a new stake in iShares Select Dividend ETF during the third quarter valued at about $37,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

DVY stock opened at $151.91 on Monday. iShares Select Dividend ETF has a one year low of $126.22 and a one year high of $160.38. The firm has a market capitalization of $22.36 billion, a PE ratio of 13.69 and a beta of 0.71. The firm has a 50-day moving average of $152.51 and a two-hundred day moving average of $146.99.

iShares Select Dividend ETF Cuts Dividend

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

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.