Gilman Hill Asset Management LLC Has $6.82 Million Position in iShares Select Dividend ETF $DVY

Gilman Hill Asset Management LLC lifted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 2,188.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 48,290 shares of the company’s stock after purchasing an additional 46,180 shares during the period. Gilman Hill Asset Management LLC’s holdings in iShares Select Dividend ETF were worth $6,816,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DVY. Ransom Advisory Ltd acquired a new position in iShares Select Dividend ETF during the 4th quarter worth about $27,000. Parvin Asset Management LLC bought a new stake in iShares Select Dividend ETF during the 2nd quarter worth about $27,000. Total Investment Management Inc. acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $29,000. Kilter Group LLC acquired a new stake in iShares Select Dividend ETF in the 2nd quarter valued at about $31,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of iShares Select Dividend ETF by 242.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock worth $36,000 after acquiring an additional 182 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Up 0.9%

Shares of NASDAQ DVY opened at $148.98 on Wednesday. iShares Select Dividend ETF has a 1-year low of $115.94 and a 1-year high of $160.38. The company has a 50-day moving average of $152.24 and a two-hundred day moving average of $145.28. The company has a market cap of $21.73 billion, a PE ratio of 13.69 and a beta of 0.77.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were issued a $1.1493 dividend. The ex-dividend date of this dividend was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.1%.

iShares Select Dividend ETF Company 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.