TBH Global Asset Management LLC Makes New Investment in iShares Select Dividend ETF (NASDAQ:DVY)

TBH Global Asset Management LLC acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 1,978 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. International Assets Investment Management LLC boosted its stake in iShares Select Dividend ETF by 17,525.9% during the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after buying an additional 4,348,183 shares during the last quarter. Miller Howard Investments Inc. NY raised its holdings in shares of iShares Select Dividend ETF by 369.5% during the 4th quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock worth $65,504,000 after acquiring an additional 392,667 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of iShares Select Dividend ETF by 94.0% during the 4th quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock valued at $50,416,000 after acquiring an additional 186,055 shares during the last quarter. Gilman Hill Asset Management LLC grew its holdings in shares of iShares Select Dividend ETF by 1,439.1% in the fourth quarter. Gilman Hill Asset Management LLC now owns 161,377 shares of the company’s stock valued at $21,187,000 after purchasing an additional 150,892 shares in the last quarter. Finally, LPL Financial LLC increased its position in iShares Select Dividend ETF by 4.6% in the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after purchasing an additional 64,620 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.3 %

iShares Select Dividend ETF stock opened at $137.31 on Friday. iShares Select Dividend ETF has a 52-week low of $115.02 and a 52-week high of $144.09. The company has a market cap of $20.41 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm’s fifty day moving average is $133.50 and its 200 day moving average is $134.31.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

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.