Asset Dedication LLC Has $1.94 Million Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Asset Dedication LLC grew its position in iShares Select Dividend ETF (NASDAQ:DVY) by 18.7% during the 4th quarter, HoldingsChannel reports. The firm owned 14,779 shares of the company’s stock after purchasing an additional 2,331 shares during the quarter. Asset Dedication LLC’s holdings in iShares Select Dividend ETF were worth $1,940,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in DVY. NewEdge Advisors LLC lifted its stake in iShares Select Dividend ETF by 5.6% in the second quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock valued at $9,164,000 after acquiring an additional 4,031 shares during the last quarter. Pathway Financial Advisers LLC lifted its stake in iShares Select Dividend ETF by 1.4% in the second quarter. Pathway Financial Advisers LLC now owns 6,137 shares of the company’s stock valued at $740,000 after acquiring an additional 84 shares during the last quarter. SPC Financial Inc. lifted its stake in iShares Select Dividend ETF by 0.5% in the second quarter. SPC Financial Inc. now owns 44,596 shares of the company’s stock valued at $5,395,000 after acquiring an additional 202 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in iShares Select Dividend ETF in the second quarter valued at $5,769,000. Finally, Passive Capital Management LLC. acquired a new stake in iShares Select Dividend ETF in the second quarter valued at $302,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $134.96 on Wednesday. The firm has a 50-day moving average of $135.44 and a 200-day moving average of $133.49. The stock has a market cap of $20.20 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid 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.