GUNN & Co INVESTMENT MANAGEMENT INC. Purchases Shares of 4,300 iShares Select Dividend ETF (NASDAQ:DVY)

GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,300 shares of the company’s stock, valued at approximately $504,000.

Other institutional investors have also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its holdings in shares of iShares Select Dividend ETF by 2.1% in the 4th quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock worth $513,000 after purchasing an additional 88 shares during the period. JNBA Financial Advisors raised its stake in shares of iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after purchasing an additional 94 shares during the last quarter. Sunbelt Securities Inc. raised its position in iShares Select Dividend ETF by 0.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock worth $1,730,000 after buying an additional 96 shares during the last quarter. Access Financial Services Inc. lifted its holdings in shares of iShares Select Dividend ETF by 0.5% in the 4th quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock valued at $2,272,000 after buying an additional 96 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its stake in shares of iShares Select Dividend ETF by 3.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock worth $298,000 after purchasing an additional 96 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY traded up $0.84 on Tuesday, hitting $122.78. The company had a trading volume of 79,035 shares, compared to its average volume of 554,859. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $123.43. The company has a market capitalization of $18.63 billion, a PE ratio of 13.25 and a beta of 0.68. The company’s fifty day moving average price is $119.70 and its 200-day moving average price is $115.50.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend was Thursday, March 21st.

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.