Providence First Trust Co Buys 7,241 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Providence First Trust Co increased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 54.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,586 shares of the company’s stock after purchasing an additional 7,241 shares during the quarter. iShares Select Dividend ETF makes up about 1.0% of Providence First Trust Co’s portfolio, making the stock its 27th biggest position. Providence First Trust Co’s holdings in iShares Select Dividend ETF were worth $2,703,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DVY. ADG Wealth Management Group LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $1,149,000. SVB Wealth LLC purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth about $2,870,000. Motco grew its holdings in iShares Select Dividend ETF by 35.1% during the 4th quarter. Motco now owns 2,311 shares of the company’s stock worth $303,000 after acquiring an additional 600 shares in the last quarter. Private Trust Co. NA increased its position in iShares Select Dividend ETF by 1.5% during the 4th quarter. Private Trust Co. NA now owns 8,136 shares of the company’s stock valued at $1,068,000 after purchasing an additional 121 shares during the period. Finally, HC Advisors LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at about $203,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY opened at $138.10 on Friday. The company has a 50 day moving average price of $134.00 and a 200-day moving average price of $134.82. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09. The stock has a market capitalization of $20.53 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced 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 of this dividend 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.