GeoWealth Management LLC Buys 3,363 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

GeoWealth Management LLC raised its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 60.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 8,930 shares of the company’s stock after acquiring an additional 3,363 shares during the period. GeoWealth Management LLC’s holdings in iShares Select Dividend ETF were worth $1,172,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc purchased a new stake in iShares Select Dividend ETF in the 3rd quarter valued at about $92,000. Tudor Financial Inc. bought a new stake in iShares Select Dividend ETF during the third quarter worth $324,000. World Investment Advisors LLC boosted its position in iShares Select Dividend ETF by 10.4% in the third quarter. World Investment Advisors LLC now owns 11,354 shares of the company’s stock worth $1,534,000 after purchasing an additional 1,072 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of iShares Select Dividend ETF by 572.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 20,685 shares of the company’s stock valued at $2,794,000 after purchasing an additional 17,609 shares during the last quarter. Finally, Synovus Financial Corp raised its stake in shares of iShares Select Dividend ETF by 2.2% during the 3rd quarter. Synovus Financial Corp now owns 213,945 shares of the company’s stock worth $28,898,000 after purchasing an additional 4,549 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $125.86 on Friday. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The company’s 50-day moving average is $131.61 and its 200 day moving average is $134.09. The company has a market capitalization of $18.70 billion, a P/E ratio of 14.65 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a dividend of $1.0495 per share. The ex-dividend date was Tuesday, March 18th.

About iShares Select Dividend ETF

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.