Powell Investment Advisors LLC Has $12.20 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Powell Investment Advisors LLC raised its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 92,915 shares of the company’s stock after buying an additional 363 shares during the period. iShares Select Dividend ETF comprises 5.6% of Powell Investment Advisors LLC’s portfolio, making the stock its 5th largest holding. Powell Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $12,199,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its holdings in iShares Select Dividend ETF by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after purchasing an additional 7,012 shares during the period. Sequoia Financial Advisors LLC increased its position in iShares Select Dividend ETF by 2.2% in the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock worth $6,461,000 after buying an additional 1,041 shares in the last quarter. Global Retirement Partners LLC raised its stake in shares of iShares Select Dividend ETF by 12.0% in the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock worth $572,000 after buying an additional 455 shares during the period. ORG Partners LLC lifted 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 buying an additional 375 shares in the last quarter. Finally, Regatta Capital Group LLC grew its stake in shares of iShares Select Dividend ETF by 6.7% during 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 period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Down 0.6 %

iShares Select Dividend ETF stock opened at $134.10 on Monday. iShares Select Dividend ETF has a 12-month low of $112.42 and a 12-month high of $144.09. The firm has a market capitalization of $19.93 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm has a 50 day moving average of $134.14 and a 200 day moving average of $133.93.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

About iShares Select Dividend ETF

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.