Soltis Investment Advisors LLC Grows Position in iShares Select Dividend ETF $DVY

Soltis Investment Advisors LLC increased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 564.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 16,721 shares of the company’s stock after buying an additional 14,205 shares during the quarter. Soltis Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,360,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in DVY. Advisory Services Network LLC raised its position in shares of iShares Select Dividend ETF by 11.8% in the 3rd quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock valued at $18,287,000 after acquiring an additional 13,536 shares during the period. HighTower Advisors LLC raised its position in shares of iShares Select Dividend ETF by 5.2% in the 3rd quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock valued at $46,870,000 after acquiring an additional 16,296 shares during the period. FAS Wealth Partners Inc. raised its position in shares of iShares Select Dividend ETF by 12.5% in the 3rd quarter. FAS Wealth Partners Inc. now owns 31,308 shares of the company’s stock valued at $4,449,000 after acquiring an additional 3,467 shares during the period. Caprock Group LLC acquired a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at approximately $459,000. Finally, American Wealth Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the 3rd quarter valued at approximately $1,884,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $150.96 on Monday. The company has a market capitalization of $22.21 billion, a P/E ratio of 13.69 and a beta of 0.67. The company’s 50 day moving average price is $151.68 and its two-hundred day moving average price is $148.09. iShares Select Dividend ETF has a 52 week low of $128.96 and a 52 week high of $160.38.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were issued a dividend of $1.1493 per share. This represents a $4.60 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, March 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.