Challenger Wealth Management Purchases New Shares in iShares Select Dividend ETF (NASDAQ:DVY)

Challenger Wealth Management acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 9,595 shares of the company’s stock, valued at approximately $1,260,000. iShares Select Dividend ETF makes up 1.1% of Challenger Wealth Management’s portfolio, making the stock its 22nd largest position.

A number of other hedge funds have also recently bought and sold shares of the company. Transamerica Financial Advisors Inc. purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $27,000. Creative Capital Management Investments LLC bought a new position in iShares Select Dividend ETF in the 4th quarter valued at $33,000. Millstone Evans Group LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter valued at $36,000. Roxbury Financial LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $38,000. Finally, Murphy & Mullick Capital Management Corp bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $40,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

DVY opened at $130.32 on Friday. iShares Select Dividend ETF has a fifty-two week low of $115.94 and a fifty-two week high of $144.09. The firm has a 50-day moving average of $128.95 and a 200 day moving average of $133.21. The firm has a market cap of $19.27 billion, a P/E ratio of 15.12 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, March 21st. Shareholders of record on Tuesday, March 18th were paid 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.