MLP3 LLC Makes New Investment in iShares Select Dividend ETF $DVY

MLP3 LLC purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,484 shares of the company’s stock, valued at approximately $1,480,000. iShares Select Dividend ETF comprises approximately 1.6% of MLP3 LLC’s holdings, making the stock its 17th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in DVY. Brighton Jones LLC boosted its stake in iShares Select Dividend ETF by 14.3% in the 4th quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock worth $1,603,000 after buying an additional 1,524 shares during the last quarter. AQR Capital Management LLC boosted its stake in iShares Select Dividend ETF by 44.7% in the 1st quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock worth $1,704,000 after buying an additional 3,918 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in iShares Select Dividend ETF in the 2nd quarter worth about $34,000. NewEdge Advisors LLC boosted its stake in iShares Select Dividend ETF by 0.4% in the 2nd quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock worth $10,343,000 after buying an additional 326 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in iShares Select Dividend ETF by 52.8% in the 2nd quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock worth $3,260,000 after buying an additional 8,479 shares during the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ:DVY opened at $158.84 on Monday. The stock’s 50-day moving average price is $153.55 and its two-hundred day moving average price is $150.22. iShares Select Dividend ETF has a 12-month low of $129.36 and a 12-month high of $160.38. The firm has a market cap of $23.37 billion, a price-to-earnings ratio of 13.69 and a beta of 0.66.

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