Richardson Financial Services Inc. Increases Position in iShares Select Dividend ETF (NASDAQ:DVY)

Richardson Financial Services Inc. increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 17.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 494 shares of the company’s stock after acquiring an additional 75 shares during the period. Richardson Financial Services Inc.’s holdings in iShares Select Dividend ETF were worth $65,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in DVY. International Assets Investment Management LLC raised its stake in shares of iShares Select Dividend ETF by 17,525.9% during the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock worth $590,660,000 after purchasing an additional 4,348,183 shares during the last quarter. LPL Financial LLC raised its position in iShares Select Dividend ETF by 4.6% during the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after buying an additional 64,620 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares Select Dividend ETF by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after acquiring an additional 7,012 shares during the period. Raymond James & Associates boosted its holdings in shares of iShares Select Dividend ETF by 2.9% in the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after acquiring an additional 16,512 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in shares of iShares Select Dividend ETF by 0.5% during the third quarter. Rockefeller Capital Management L.P. now owns 403,745 shares of the company’s stock worth $54,510,000 after acquiring an additional 2,072 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.7 %

Shares of DVY opened at $134.75 on Monday. The firm has a market capitalization of $20.06 billion, a PE ratio of 13.25 and a beta of 0.87. The stock’s 50 day moving average is $135.03 and its two-hundred day moving average is $133.69. iShares Select Dividend ETF has a twelve month low of $112.42 and a twelve month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $1.3164 dividend. The ex-dividend date was Tuesday, December 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.