Founders Grove Wealth Partners LLC Buys Shares of 1,658 iShares Select Dividend ETF (NASDAQ:DVY)

Founders Grove Wealth Partners LLC bought a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,658 shares of the company’s stock, valued at approximately $218,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC raised its stake in iShares Select Dividend ETF by 17,525.9% during the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after buying an additional 4,348,183 shares during the last quarter. LPL Financial LLC grew its position in shares of iShares Select Dividend ETF by 4.6% during the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after acquiring an additional 64,620 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares Select Dividend ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after acquiring an additional 7,012 shares during the period. Raymond James & Associates grew its position in shares of iShares Select Dividend ETF by 2.9% during the 3rd quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock valued at $78,940,000 after acquiring an additional 16,512 shares during the period. Finally, Rockefeller Capital Management L.P. grew its position in shares of iShares Select Dividend ETF by 0.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 403,745 shares of the company’s stock valued at $54,510,000 after acquiring an additional 2,072 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY stock opened at $131.12 on Wednesday. iShares Select Dividend ETF has a 1 year low of $112.42 and a 1 year high of $144.09. The firm has a fifty day moving average price of $136.10 and a 200-day moving average price of $132.62. The company has a market cap of $19.96 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. 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.