Richardson Financial Services Inc. Boosts Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Richardson Financial Services Inc. boosted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 17.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 494 shares of the company’s stock after acquiring an additional 75 shares during the period. Richardson Financial Services Inc.’s holdings in iShares Select Dividend ETF were worth $65,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. My Personal CFO LLC increased its holdings in shares of iShares Select Dividend ETF by 10.9% in the fourth quarter. My Personal CFO LLC now owns 21,789 shares of the company’s stock valued at $2,861,000 after purchasing an additional 2,149 shares during the last quarter. Independence Bank of Kentucky raised its holdings in shares of iShares Select Dividend ETF by 71.8% during the 4th quarter. Independence Bank of Kentucky now owns 15,215 shares of the company’s stock worth $1,998,000 after acquiring an additional 6,360 shares during the period. Litman Gregory Wealth Management LLC boosted its position in shares of iShares Select Dividend ETF by 18.9% during the 4th quarter. Litman Gregory Wealth Management LLC now owns 4,042 shares of the company’s stock valued at $531,000 after acquiring an additional 642 shares during the last quarter. Manuka Financial LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at about $251,000. Finally, Chicago Partners Investment Group LLC increased its position in iShares Select Dividend ETF by 0.7% during the fourth quarter. Chicago Partners Investment Group LLC now owns 13,941 shares of the company’s stock worth $1,825,000 after purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $134.75 on Monday. The company’s 50-day moving average is $135.03 and its two-hundred day moving average is $133.69. The firm has a market capitalization of $20.06 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $112.42 and a 1-year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

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.