VSM Wealth Advisory LLC Purchases Shares of 499 iShares Select Dividend ETF (NASDAQ:DVY)

VSM Wealth Advisory LLC acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 499 shares of the company’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its stake in 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 worth $25,000 after purchasing an additional 150 shares in the last quarter. Creative Capital Management Investments LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth about $33,000. Roxbury Financial LLC bought a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $38,000. JDM Financial Group LLC boosted its stake 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 buying an additional 75 shares during the last quarter. Finally, Weaver Capital Management LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter valued at approximately $43,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $133.84 on Thursday. The business’s 50 day simple moving average is $134.46 and its 200-day simple moving average is $135.08. iShares Select Dividend ETF has a 1 year low of $115.43 and a 1 year high of $144.09. The stock has a market capitalization of $19.77 billion, a price-to-earnings ratio of 15.96 and a beta of 0.88.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 21st. Investors of record on Tuesday, March 18th will be issued a $1.0495 dividend. The ex-dividend date is Tuesday, March 18th.

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.