Miller Howard Investments Inc. NY Purchases 392,667 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Miller Howard Investments Inc. NY increased its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 369.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 498,927 shares of the company’s stock after acquiring an additional 392,667 shares during the quarter. iShares Select Dividend ETF comprises about 2.2% of Miller Howard Investments Inc. NY’s investment portfolio, making the stock its 14th largest position. Miller Howard Investments Inc. NY’s holdings in iShares Select Dividend ETF were worth $65,504,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in DVY. Benedict Financial Advisors Inc. raised its position in shares of iShares Select Dividend ETF by 28.5% during the 4th quarter. Benedict Financial Advisors Inc. now owns 2,438 shares of the company’s stock valued at $320,000 after acquiring an additional 540 shares during the last quarter. Apollon Wealth Management LLC increased its holdings in iShares Select Dividend ETF by 10.8% in the fourth quarter. Apollon Wealth Management LLC now owns 7,217 shares of the company’s stock valued at $947,000 after purchasing an additional 706 shares during the last quarter. Apollon Financial LLC lifted its stake in iShares Select Dividend ETF by 1.2% in the fourth quarter. Apollon Financial LLC now owns 7,713 shares of the company’s stock valued at $1,013,000 after buying an additional 90 shares during the period. Mezzasalma Advisors LLC bought a new position in iShares Select Dividend ETF during the fourth quarter worth about $540,000. Finally, Clientfirst Wealth Management LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter worth about $300,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $134.10 on Friday. The stock has a 50-day moving average of $134.14 and a 200-day moving average of $133.89. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09. The stock has a market cap of $19.93 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued 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.