Balanced Wealth Group LLC Takes $321,000 Position in iShares Select Dividend ETF (NASDAQ:DVY)

Balanced Wealth Group LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,737 shares of the company’s stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its stake in iShares Select Dividend ETF by 3.0% in the 3rd quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock valued at $370,994,000 after purchasing an additional 101,996 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of iShares Select Dividend ETF by 2.6% during the 3rd quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock worth $277,635,000 after acquiring an additional 64,326 shares during the period. International Assets Investment Management LLC raised its stake in iShares Select Dividend ETF by 12,638.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after acquiring an additional 2,388,510 shares during the period. Truist Financial Corp lifted its holdings in iShares Select Dividend ETF by 5.9% during the 4th quarter. Truist Financial Corp now owns 1,505,448 shares of the company’s stock valued at $176,469,000 after purchasing an additional 84,251 shares during the last quarter. Finally, Comerica Bank bought a new position in iShares Select Dividend ETF during the third quarter worth $61,160,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.4 %

Shares of DVY traded up $0.46 during trading hours on Wednesday, hitting $122.90. 236,785 shares of the company were exchanged, compared to its average volume of 553,665. The firm’s fifty day moving average is $119.82 and its 200 day moving average is $115.63. The company has a market cap of $18.64 billion, a price-to-earnings ratio of 13.25 and a beta of 0.68. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $123.43.

iShares Select Dividend ETF Dividend Announcement

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

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.