Rik Saylor Financial Inc. Makes New Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Rik Saylor Financial Inc. acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,138 shares of the company’s stock, valued at approximately $675,000.

A number of other hedge funds also recently modified their holdings of the stock. Beacon Financial Advisory LLC raised its stake in iShares Select Dividend ETF by 3.3% in the 4th quarter. Beacon Financial Advisory LLC now owns 8,000 shares of the company’s stock valued at $1,050,000 after acquiring an additional 258 shares during the period. Bleakley Financial Group LLC raised its position in shares of iShares Select Dividend ETF by 352.7% in the fourth quarter. Bleakley Financial Group LLC now owns 20,448 shares of the company’s stock valued at $2,685,000 after purchasing an additional 15,931 shares during the period. YANKCOM Partnership bought a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $368,000. Robertson Stephens Wealth Management LLC raised its position in shares of iShares Select Dividend ETF by 6.9% in the fourth quarter. Robertson Stephens Wealth Management LLC now owns 11,960 shares of the company’s stock valued at $1,570,000 after purchasing an additional 770 shares during the period. Finally, Inman Jager Wealth Management LLC bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at $3,857,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $134.63 on Thursday. The company’s fifty day simple moving average is $134.66 and its two-hundred day simple moving average is $133.83. iShares Select Dividend ETF has a 1 year low of $112.42 and a 1 year high of $144.09. The stock has a market capitalization of $20.04 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were paid a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

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.