RIA Advisory Group LLC Buys Shares of 3,139 iShares Select Dividend ETF (NASDAQ:DVY)

RIA Advisory Group LLC bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,139 shares of the company’s stock, valued at approximately $368,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DVY. Tyler Stone Wealth Management acquired a new stake in shares of iShares Select Dividend ETF during the second quarter valued at about $28,000. Almanack Investment Partners LLC. acquired a new stake in shares of iShares Select Dividend ETF during the third quarter valued at about $35,000. Financial Freedom LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at about $45,000. JNBA Financial Advisors boosted its stake in shares of iShares Select Dividend ETF by 26.6% during the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after purchasing an additional 94 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at about $57,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.6 %

Shares of DVY stock traded up $1.82 during mid-day trading on Friday, reaching $118.70. 565,375 shares of the stock traded hands, compared to its average volume of 580,694. The stock’s fifty day simple moving average is $118.49 and its two-hundred day simple moving average is $114.22. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $123.43. The company has a market cap of $18.08 billion, a price-to-earnings ratio of 12.98 and a beta of 0.75.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, March 21st.

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.