Wealth Alliance Invests $793,000 in iShares Select Dividend ETF (NASDAQ:DVY)

Wealth Alliance bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 6,764 shares of the company’s stock, valued at approximately $793,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in iShares Select Dividend ETF by 30.0% during the third quarter. Signaturefd LLC now owns 1,864 shares of the company’s stock worth $201,000 after purchasing an additional 430 shares in the last quarter. Farther Finance Advisors LLC grew its position in iShares Select Dividend ETF by 40.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 451 shares of the company’s stock worth $51,000 after purchasing an additional 130 shares in the last quarter. TIAA Trust National Association grew its position in iShares Select Dividend ETF by 4.7% during the 4th quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock worth $1,140,000 after purchasing an additional 437 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 14.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 24,829 shares of the company’s stock valued at $2,673,000 after acquiring an additional 3,078 shares in the last quarter. Finally, Park Place Capital Corp grew its holdings in shares of iShares Select Dividend ETF by 1.6% during the 4th quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock valued at $984,000 after acquiring an additional 129 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.9 %

iShares Select Dividend ETF stock opened at $115.73 on Wednesday. The stock has a market cap of $17.75 billion, a P/E ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $123.43. The company’s fifty day simple moving average is $118.38 and its 200-day simple moving average is $114.19.

iShares Select Dividend ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a yield of 3.45%. The ex-dividend date of this dividend was Thursday, March 21st.

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.