SVB Wealth LLC Purchases New Position in iShares Select Dividend ETF (NASDAQ:DVY)

SVB Wealth LLC purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, HoldingsChannel reports. The fund purchased 21,863 shares of the company’s stock, valued at approximately $2,870,000.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in iShares Select Dividend ETF by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock worth $247,059,000 after purchasing an additional 13,228 shares in the last quarter. LPL Financial LLC boosted its stake in iShares Select Dividend ETF by 4.6% in the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after purchasing an additional 64,620 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after purchasing an additional 7,012 shares in the last quarter. Truist Financial Corp boosted its stake in iShares Select Dividend ETF by 3.9% in the fourth quarter. Truist Financial Corp now owns 1,195,080 shares of the company’s stock worth $156,902,000 after purchasing an additional 44,508 shares in the last quarter. Finally, Miller Howard Investments Inc. NY boosted its stake in iShares Select Dividend ETF by 369.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock worth $65,504,000 after purchasing an additional 392,667 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $138.10 on Friday. The firm has a market cap of $20.43 billion, a P/E ratio of 16.35 and a beta of 0.88. The business’s fifty 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.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a $1.3164 dividend. 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.