Essex Financial Services Inc. Acquires 8,565 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Essex Financial Services Inc. increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 38.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 30,765 shares of the company’s stock after purchasing an additional 8,565 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares Select Dividend ETF were worth $4,039,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the period. ORG Wealth Partners LLC bought a new stake in iShares Select Dividend ETF during the 3rd quarter worth approximately $36,000. JDM Financial Group LLC lifted its holdings in iShares Select Dividend ETF by 33.3% during the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares in the last quarter. Weaver Capital Management LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $43,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of iShares Select Dividend ETF in the fourth quarter worth approximately $52,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $134.38 on Tuesday. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09. The company’s fifty day moving average price is $134.14 and its 200-day moving average price is $133.98. The company has a market capitalization of $19.98 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued 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.