Nicholson Wealth Management Group LLC Makes New $561,000 Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Nicholson Wealth Management Group LLC purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 4,273 shares of the company’s stock, valued at approximately $561,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in DVY. Thurston Springer Miller Herd & Titak Inc. lifted its position in iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after buying an additional 150 shares in the last quarter. Creative Capital Management Investments LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $33,000. Roxbury Financial LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $38,000. JDM Financial Group LLC raised its holdings 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 during the period. Finally, Weaver Capital Management LLC bought a new stake in shares of iShares Select Dividend ETF in the 4th quarter valued at about $43,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $137.31 on Friday. The firm’s 50-day moving average is $133.50 and its 200-day moving average is $134.31. The stock has a market cap of $20.41 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $115.02 and a 52-week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced 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.