Concurrent Investment Advisors LLC Purchases 882 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Concurrent Investment Advisors LLC lifted its position in iShares Select Dividend ETF (NASDAQ:DVY) by 17.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,073 shares of the company’s stock after buying an additional 882 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $797,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DVY. Mirae Asset Global Investments Co. Ltd. raised its holdings in iShares Select Dividend ETF by 13.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,800 shares of the company’s stock worth $2,533,000 after buying an additional 2,200 shares during the period. NorthCrest Asset Manangement LLC raised its holdings in shares of iShares Select Dividend ETF by 138.8% during the third quarter. NorthCrest Asset Manangement LLC now owns 11,895 shares of the company’s stock worth $1,607,000 after acquiring an additional 6,913 shares during the period. Pathway Financial Advisers LLC raised its holdings in shares of iShares Select Dividend ETF by 1.5% during the third quarter. Pathway Financial Advisers LLC now owns 6,228 shares of the company’s stock worth $841,000 after acquiring an additional 91 shares during the period. PFG Investments LLC raised its holdings in shares of iShares Select Dividend ETF by 4.3% during the third quarter. PFG Investments LLC now owns 14,537 shares of the company’s stock worth $1,964,000 after acquiring an additional 605 shares during the period. Finally, Ellis Investment Partners LLC raised its holdings in shares of iShares Select Dividend ETF by 0.8% during the third quarter. Ellis Investment Partners LLC now owns 224,564 shares of the company’s stock worth $30,332,000 after acquiring an additional 1,745 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock opened at $136.69 on Monday. iShares Select Dividend ETF has a 52-week low of $115.02 and a 52-week high of $144.09. The business’s 50 day simple moving average is $133.50 and its 200 day simple moving average is $134.56. The firm has a market cap of $20.32 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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