Fairfield Financial Advisors LTD Invests $47,000 in iShares Select Dividend ETF (NASDAQ:DVY)

Fairfield Financial Advisors LTD acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 389 shares of the company’s stock, valued at approximately $47,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in iShares Select Dividend ETF by 34.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 230,083 shares of the company’s stock worth $26,970,000 after purchasing an additional 58,877 shares during the last quarter. Gryphon Financial Partners LLC grew its stake in iShares Select Dividend ETF by 34.4% during the 4th quarter. Gryphon Financial Partners LLC now owns 19,352 shares of the company’s stock worth $2,268,000 after buying an additional 4,955 shares during the last quarter. Level Four Advisory Services LLC increased its position in iShares Select Dividend ETF by 10.7% during the 4th quarter. Level Four Advisory Services LLC now owns 13,983 shares of the company’s stock valued at $1,639,000 after buying an additional 1,348 shares in the last quarter. Brown Advisory Inc. raised its stake in iShares Select Dividend ETF by 0.7% in the fourth quarter. Brown Advisory Inc. now owns 42,182 shares of the company’s stock valued at $4,945,000 after buying an additional 296 shares during the last quarter. Finally, MainStreet Investment Advisors LLC boosted its holdings in iShares Select Dividend ETF by 44.7% in the fourth quarter. MainStreet Investment Advisors LLC now owns 4,030 shares of the company’s stock worth $472,000 after acquiring an additional 1,245 shares in the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.1 %

DVY opened at $133.64 on Monday. The company has a market cap of $19.87 billion, a P/E ratio of 13.25 and a beta of 0.87. The firm’s 50-day moving average price is $128.86 and its 200-day moving average price is $123.75. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $134.39.

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.