Wells Fargo & Company MN Buys 183,589 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Wells Fargo & Company MN grew its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,875,784 shares of the company’s stock after purchasing an additional 183,589 shares during the quarter. Wells Fargo & Company MN owned approximately 2.61% of iShares Select Dividend ETF worth $508,852,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of DVY. Wealthfront Advisers LLC boosted its stake in iShares Select Dividend ETF by 194,486.4% in the 4th 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 during the period. Bank of New York Mellon Corp boosted its position in shares of iShares Select Dividend ETF by 0.7% in the fourth quarter. Bank of New York Mellon Corp now owns 1,881,782 shares of the company’s stock valued at $247,059,000 after acquiring an additional 13,228 shares during the period. JPMorgan Chase & Co. grew its stake in shares of iShares Select Dividend ETF by 22.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock valued at $222,563,000 after acquiring an additional 314,358 shares in the last quarter. LPL Financial LLC increased its position in iShares Select Dividend ETF by 8.9% during the fourth quarter. LPL Financial LLC now owns 1,596,398 shares of the company’s stock worth $209,591,000 after acquiring an additional 130,573 shares during the period. Finally, Truist Financial Corp raised its stake 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 purchasing an additional 44,508 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 5.4 %

NASDAQ DVY opened at $122.07 on Friday. The company has a market capitalization of $18.20 billion, a P/E ratio of 14.65 and a beta of 0.78. iShares Select Dividend ETF has a 12-month low of $115.43 and a 12-month high of $144.09. The firm has a 50-day moving average price of $134.31 and a two-hundred day moving average price of $135.02.

iShares Select Dividend ETF Cuts Dividend

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

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.