LPL Financial LLC Raises Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

LPL Financial LLC increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 8.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,596,398 shares of the company’s stock after purchasing an additional 130,573 shares during the quarter. LPL Financial LLC owned 1.07% of iShares Select Dividend ETF worth $209,591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in iShares Select Dividend ETF by 340.9% in the fourth 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 during the last quarter. Creative Capital Management Investments LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $33,000. Millstone Evans Group LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $36,000. Roxbury Financial LLC purchased a new position in shares of iShares Select Dividend ETF during the 4th quarter worth $38,000. Finally, JDM Financial Group LLC boosted its stake in shares of iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after acquiring an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $132.77 on Monday. The company’s fifty day simple moving average is $134.60 and its 200-day simple moving average is $135.08. The stock has a market capitalization of $19.74 billion, a PE ratio of 15.96 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $115.43 and a 1-year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were paid a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.