Advisory Services Network LLC Has $9.52 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Advisory Services Network LLC grew its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 10.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,538 shares of the company’s stock after buying an additional 7,037 shares during the period. Advisory Services Network LLC’s holdings in iShares Select Dividend ETF were worth $9,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Wealthfront Advisers LLC lifted its holdings in iShares Select Dividend ETF by 194,486.4% in the fourth quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after buying an additional 24,476,112 shares during the period. Wells Fargo & Company MN raised its position in shares of iShares Select Dividend ETF by 5.0% in the 4th quarter. Wells Fargo & Company MN now owns 3,875,784 shares of the company’s stock worth $508,852,000 after acquiring an additional 183,589 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of iShares Select Dividend ETF by 0.7% in 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 purchasing an additional 13,228 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares Select Dividend ETF by 22.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock valued at $222,563,000 after purchasing an additional 314,358 shares during the period. Finally, LPL Financial LLC boosted its position 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 purchasing an additional 130,573 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $120.52 on Tuesday. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09. The stock has a 50 day simple moving average of $133.99 and a two-hundred day simple moving average of $134.92. The company has a market cap of $17.93 billion, a P/E ratio of 14.65 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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

About iShares Select Dividend ETF

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.