iShares Select Dividend ETF (NASDAQ:DVY) Shares Acquired by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 7.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,861 shares of the company’s stock after purchasing an additional 130 shares during the period. Gerber Kawasaki Wealth & Investment Management’s holdings in iShares Select Dividend ETF were worth $244,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of DVY. Prosperity Consulting Group LLC boosted its stake in iShares Select Dividend ETF by 9.6% in the fourth quarter. Prosperity Consulting Group LLC now owns 8,915 shares of the company’s stock valued at $1,170,000 after acquiring an additional 783 shares during the period. Johnson Financial Group Inc. boosted its stake in iShares Select Dividend ETF by 9.5% in the fourth quarter. Johnson Financial Group Inc. now owns 5,477 shares of the company’s stock valued at $738,000 after acquiring an additional 474 shares during the period. Topsail Wealth Management LLC acquired a new position in iShares Select Dividend ETF in the fourth quarter valued at approximately $197,000. Hancock Whitney Corp boosted its stake in iShares Select Dividend ETF by 2.4% in the fourth quarter. Hancock Whitney Corp now owns 29,825 shares of the company’s stock valued at $3,916,000 after acquiring an additional 710 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in iShares Select Dividend ETF by 2.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 66,330 shares of the company’s stock valued at $8,708,000 after acquiring an additional 1,655 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.6 %

Shares of DVY stock opened at $127.66 on Monday. The business has a 50 day moving average of $130.70 and a two-hundred day moving average of $133.86. iShares Select Dividend ETF has a 52 week low of $115.94 and a 52 week high of $144.09. The company has a market cap of $18.88 billion, a P/E ratio of 14.94 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were paid a $1.0495 dividend. The ex-dividend date was Tuesday, March 18th.

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.