Global Retirement Partners LLC Purchases 7,842 Shares of iShares Select Dividend ETF $DVY

Global Retirement Partners LLC increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 128.6% during the 4th quarter, Holdings Channel reports. The firm owned 13,940 shares of the company’s stock after acquiring an additional 7,842 shares during the quarter. Global Retirement Partners LLC’s holdings in iShares Select Dividend ETF were worth $1,967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DVY. Northwestern Mutual Wealth Management Co. grew its stake in iShares Select Dividend ETF by 1,771.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after purchasing an additional 6,044,290 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in iShares Select Dividend ETF by 745.9% in the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after purchasing an additional 445,910 shares in the last quarter. Bank of America Corp DE grew its stake in iShares Select Dividend ETF by 3.3% in the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after purchasing an additional 256,434 shares in the last quarter. Orion Porfolio Solutions LLC grew its stake in iShares Select Dividend ETF by 526.0% in the second quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after purchasing an additional 152,417 shares in the last quarter. Finally, UBS Group AG grew its stake in iShares Select Dividend ETF by 10.0% in the third quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock worth $164,130,000 after purchasing an additional 104,866 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.1%

Shares of NASDAQ:DVY opened at $155.76 on Friday. iShares Select Dividend ETF has a 52-week low of $128.96 and a 52-week high of $160.38. The stock has a market cap of $22.91 billion, a P/E ratio of 13.69 and a beta of 0.67. The business’s 50 day moving average is $151.84 and its 200 day moving average is $148.51.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a $1.1493 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 annualized dividend and a yield of 3.0%.

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.