Magnus Financial Group LLC Buys 94 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Magnus Financial Group LLC grew its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,864 shares of the company’s stock after purchasing an additional 94 shares during the period. Magnus Financial Group LLC’s holdings in iShares Select Dividend ETF were worth $2,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of DVY. International Assets Investment Management LLC increased its stake in shares of iShares Select Dividend ETF by 17,525.9% during the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after purchasing an additional 4,348,183 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares Select Dividend ETF by 4.6% in the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after buying an additional 64,620 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares Select Dividend ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after buying an additional 7,012 shares in the last quarter. Raymond James & Associates raised its stake in iShares Select Dividend ETF by 2.9% during the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after buying an additional 16,512 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in iShares Select Dividend ETF by 0.5% in the third quarter. Rockefeller Capital Management L.P. now owns 403,745 shares of the company’s stock worth $54,510,000 after acquiring an additional 2,072 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $135.25 on Wednesday. The business has a fifty day moving average price of $135.72 and a 200-day moving average price of $133.11. The company has a market capitalization of $20.54 billion, a PE 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 company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $1.3164 dividend. 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.