Independent Advisor Alliance Takes Position in iShares Select Dividend ETF (NASDAQ:DVY)

Independent Advisor Alliance purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 25,813 shares of the company’s stock, valued at approximately $3,389,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVY. Raymond James Financial Inc. acquired a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at $156,322,000. Miller Howard Investments Inc. NY lifted its holdings in iShares Select Dividend ETF by 369.5% during the 4th quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock valued at $65,504,000 after purchasing an additional 392,667 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock valued at $37,869,000 after buying an additional 246,540 shares in the last quarter. Private Advisor Group LLC grew its stake in iShares Select Dividend ETF by 94.0% during the fourth quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock worth $50,416,000 after buying an additional 186,055 shares during the last quarter. Finally, Gilman Hill Asset Management LLC increased its holdings in shares of iShares Select Dividend ETF by 1,439.1% during the fourth quarter. Gilman Hill Asset Management LLC now owns 161,377 shares of the company’s stock worth $21,187,000 after buying an additional 150,892 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $130.95 on Thursday. The company has a market capitalization of $19.47 billion, a P/E ratio of 16.35 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $115.43 and a one year high of $144.09. The business’s 50 day simple moving average is $134.27 and its 200-day simple moving average is $135.07.

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 paid a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

iShares Select Dividend ETF Company 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.