Global Trust Wealth Management LLC Takes $512,000 Position in iShares Select Dividend ETF $DVY

Global Trust Wealth Management 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 institutional investor bought 3,626 shares of the company’s stock, valued at approximately $512,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DVY. Elevated Capital Advisors LLC bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $26,000. Ransom Advisory Ltd bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at approximately $27,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at approximately $34,000. Allspring Global Investments Holdings LLC boosted its position in shares of iShares Select Dividend ETF by 242.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock valued at $36,000 after acquiring an additional 182 shares during the last quarter. Finally, Clean Yield Group bought a new position in shares of iShares Select Dividend ETF in the 3rd quarter valued at about $37,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Trading Down 0.4%

DVY opened at $152.69 on Wednesday. The firm has a market cap of $22.48 billion, a P/E ratio of 13.69 and a beta of 0.71. iShares Select Dividend ETF has a 12 month low of $124.68 and a 12 month high of $160.38. The stock has a 50-day moving average of $152.79 and a 200 day moving average of $146.78.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a $1.1493 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 annualized dividend and a yield of 3.0%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.