Murphy & Mullick Capital Management Corp Makes New $40,000 Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Murphy & Mullick Capital Management Corp acquired a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, Holdings Channel reports. The fund acquired 304 shares of the company’s stock, valued at approximately $40,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in DVY. JPMorgan Chase & Co. boosted its stake in iShares Select Dividend ETF by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after buying an additional 7,012 shares during the last quarter. ORG Partners LLC boosted its position in shares of iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after acquiring an additional 375 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock valued at $37,869,000 after purchasing an additional 246,540 shares during the period. Regatta Capital Group LLC grew its holdings in iShares Select Dividend ETF by 6.7% in the fourth quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock valued at $521,000 after purchasing an additional 250 shares during the period. Finally, Fulton Bank N.A. increased its position in iShares Select Dividend ETF by 20.4% during the fourth quarter. Fulton Bank N.A. now owns 26,935 shares of the company’s stock worth $3,536,000 after purchasing an additional 4,568 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.1 %

Shares of DVY opened at $133.83 on Friday. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09. The company’s fifty day moving average is $134.75 and its two-hundred day moving average is $135.09. The firm has a market cap of $19.89 billion, a PE ratio of 15.96 and a beta of 0.87.

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 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.