Parallel Advisors LLC Boosts Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Parallel Advisors LLC increased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 13.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,528 shares of the company’s stock after buying an additional 2,011 shares during the period. Parallel Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,301,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its stake in shares of iShares Select Dividend ETF by 194,486.4% during the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after acquiring an additional 24,476,112 shares in the last quarter. Raymond James Financial Inc. acquired a new position in iShares Select Dividend ETF in the 4th quarter worth about $156,322,000. Miller Howard Investments Inc. NY boosted its position in iShares Select Dividend ETF by 369.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock worth $65,504,000 after purchasing an additional 392,667 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings 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 purchasing an additional 246,540 shares during the period. Finally, Private Advisor Group LLC increased its position in shares of iShares Select Dividend ETF by 94.0% in the fourth quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock valued at $50,416,000 after buying an additional 186,055 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $132.97 on Wednesday. The business’s 50 day moving average price is $134.40 and its 200-day moving average price is $135.09. iShares Select Dividend ETF has a 1 year low of $115.43 and a 1 year high of $144.09. The firm has a market capitalization of $19.64 billion, a price-to-earnings ratio of 15.96 and a beta of 0.88.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th will be issued a dividend of $1.0495 per share. The ex-dividend date is Tuesday, March 18th.

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.