AlphaCore Capital LLC Increases Position in iShares Select Dividend ETF $DVY

AlphaCore Capital LLC boosted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5,676.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 29,923 shares of the company’s stock after purchasing an additional 29,405 shares during the period. AlphaCore Capital LLC’s holdings in iShares Select Dividend ETF were worth $4,223,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Elevated Capital Advisors LLC acquired a new position in iShares Select Dividend ETF in the 4th quarter valued at about $26,000. Ransom Advisory Ltd acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter worth about $27,000. Qube Research & Technologies Ltd acquired a new position in shares of iShares Select Dividend ETF during the second quarter worth about $34,000. Headlands Technologies LLC acquired a new position in shares of iShares Select Dividend ETF during the second quarter worth about $38,000. Finally, Arvest Investments Inc. acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 1.0%

Shares of iShares Select Dividend ETF stock opened at $150.96 on Friday. iShares Select Dividend ETF has a 52-week low of $128.96 and a 52-week high of $160.38. The company’s 50-day simple moving average is $151.68 and its 200-day simple moving average is $148.05. The firm has a market cap of $22.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were paid a dividend of $1.1493 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, March 17th.

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.