21,062 Shares in iShares Select Dividend ETF (NASDAQ:DVY) Acquired by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 21,062 shares of the company’s stock, valued at approximately $2,765,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of iShares Select Dividend ETF by 340.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after purchasing an additional 150 shares in the last quarter. Creative Capital Management Investments LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $33,000. Roxbury Financial LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $38,000. JDM Financial Group LLC raised its position in shares of iShares Select Dividend ETF by 33.3% in the 3rd 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. Finally, Weaver Capital Management LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at approximately $43,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 1.2 %

Shares of DVY opened at $138.10 on Friday. The business’s 50 day moving average is $134.00 and its two-hundred day moving average is $134.87. iShares Select Dividend ETF has a 52-week low of $115.43 and a 52-week high of $144.09. The firm has a market cap of $20.43 billion, a price-to-earnings ratio of 16.35 and a beta of 0.88.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 20th. Stockholders 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.