Sterling Capital Management LLC Buys New Position in iShares Select Dividend ETF (NASDAQ:DVY)

Sterling Capital Management LLC purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 65,793 shares of the company’s stock, valued at approximately $8,638,000.

A number of other large investors also recently modified their holdings of the business. Wealthfront Advisers LLC raised its stake in iShares Select Dividend ETF by 194,486.4% during the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after purchasing an additional 24,476,112 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at about $156,322,000. Miller Howard Investments Inc. NY grew its position in iShares Select Dividend ETF by 369.5% during the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock worth $65,504,000 after buying an additional 392,667 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares Select Dividend ETF by 22.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock worth $222,563,000 after buying an additional 314,358 shares in the last quarter. Finally, Moment Partners LLC bought a new position in iShares Select Dividend ETF during the fourth quarter valued at about $34,741,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 2.8 %

DVY opened at $122.21 on Friday. The stock’s 50 day simple moving average is $132.72 and its 200-day simple moving average is $134.46. The stock has a market cap of $18.18 billion, a PE ratio of 14.65 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $115.43 and a 1 year high of $144.09.

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 of this dividend 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.