JPMorgan Chase & Co. Acquires 314,358 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

JPMorgan Chase & Co. grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 22.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,695,199 shares of the company’s stock after acquiring an additional 314,358 shares during the period. JPMorgan Chase & Co. owned 1.14% of iShares Select Dividend ETF worth $222,563,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wealthfront Advisers LLC lifted its position in iShares Select Dividend ETF by 194,486.4% during the fourth quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after purchasing an additional 24,476,112 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of iShares Select Dividend ETF by 0.7% during the 4th quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock valued at $247,059,000 after buying an additional 13,228 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares Select Dividend ETF by 8.9% during the 4th quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock valued at $209,591,000 after acquiring an additional 130,573 shares during the period. Truist Financial Corp increased its holdings in iShares Select Dividend ETF by 3.9% in the 4th quarter. Truist Financial Corp now owns 1,195,080 shares of the company’s stock worth $156,902,000 after acquiring an additional 44,508 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in iShares Select Dividend ETF during the 4th quarter worth approximately $156,322,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ:DVY opened at $134.29 on Tuesday. The company has a market capitalization of $19.96 billion, a P/E 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. The firm’s 50 day simple moving average is $134.69 and its two-hundred day simple moving average is $135.15.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were issued a $1.0495 dividend. 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.