Independent Wealth Network Inc. Acquires 1,222 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Independent Wealth Network Inc. raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 17.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,289 shares of the company’s stock after buying an additional 1,222 shares during the period. Independent Wealth Network Inc.’s holdings in iShares Select Dividend ETF were worth $1,088,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of iShares Select Dividend ETF by 340.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in iShares Select Dividend ETF in the third quarter valued at approximately $36,000. JDM Financial Group LLC lifted its holdings in iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 75 shares during the period. M&R Capital Management Inc. lifted its holdings in iShares Select Dividend ETF by 1,455.0% in the third quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock valued at $42,000 after buying an additional 291 shares during the period. Finally, ORG Partners LLC lifted its holdings in iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after buying an additional 375 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $134.01 on Thursday. iShares Select Dividend ETF has a fifty-two week low of $112.42 and a fifty-two week high of $144.09. The firm has a market capitalization of $20.35 billion, a P/E ratio of 13.25 and a beta of 0.87. The company’s 50 day simple moving average is $135.72 and its 200 day simple moving average is $133.11.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares Select Dividend ETF Company 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.