iShares Select Dividend ETF (NASDAQ:DVY) Shares Purchased by Modera Wealth Management LLC

Modera Wealth Management LLC grew its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 18.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,151 shares of the company’s stock after purchasing an additional 1,248 shares during the period. Modera Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $1,070,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DVY. Stephens Inc. AR grew its position in shares of iShares Select Dividend ETF by 4.4% in the third quarter. Stephens Inc. AR now owns 20,413 shares of the company’s stock valued at $2,757,000 after purchasing an additional 868 shares during the period. Nvwm LLC boosted its stake in iShares Select Dividend ETF by 18.0% in the 3rd quarter. Nvwm LLC now owns 1,495 shares of the company’s stock worth $202,000 after buying an additional 228 shares during the last quarter. Forum Financial Management LP purchased a new stake in iShares Select Dividend ETF in the 3rd quarter valued at about $247,000. QRG Capital Management Inc. increased its stake in shares of iShares Select Dividend ETF by 2.4% during the 3rd quarter. QRG Capital Management Inc. now owns 8,011 shares of the company’s stock valued at $1,082,000 after acquiring an additional 189 shares during the last quarter. Finally, United Advisor Group LLC purchased a new position in shares of iShares Select Dividend ETF during the 3rd quarter worth about $305,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

DVY opened at $137.45 on Tuesday. iShares Select Dividend ETF has a 1 year low of $115.43 and a 1 year high of $144.09. The company’s 50 day simple moving average is $134.12 and its 200 day simple moving average is $134.99. The stock has a market capitalization of $20.43 billion, a PE ratio of 16.35 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.