LPL Financial LLC Purchases 130,573 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

LPL Financial LLC increased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.9% during the 4th quarter, Holdings Channel reports. The firm owned 1,596,398 shares of the company’s stock after acquiring an additional 130,573 shares during the period. LPL Financial LLC’s holdings in iShares Select Dividend ETF were worth $209,591,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its position in shares of iShares Select Dividend ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after purchasing an additional 7,012 shares during the period. ORG Partners LLC raised its position in shares of iShares Select Dividend ETF by 331.9% during the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after purchasing an additional 375 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of iShares Select Dividend ETF by 588.4% during the 4th 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. Regatta Capital Group LLC increased its holdings in iShares Select Dividend ETF by 6.7% in the 4th quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock valued at $521,000 after acquiring an additional 250 shares during the last quarter. Finally, Fulton Bank N.A. increased its holdings in iShares Select Dividend ETF by 20.4% in the 4th quarter. Fulton Bank N.A. now owns 26,935 shares of the company’s stock valued at $3,536,000 after acquiring an additional 4,568 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $132.77 on Monday. The company has a market cap of $19.74 billion, a P/E ratio of 15.96 and a beta of 0.87. The firm’s fifty day moving average is $134.60 and its two-hundred day moving average is $135.08. iShares Select Dividend ETF has a 52-week low of $115.43 and a 52-week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were issued a $1.0495 dividend. The ex-dividend date was Tuesday, March 18th.

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.