Valmark Advisers Inc. Has $25.33 Million Position in iShares Select Dividend ETF (NASDAQ:DVY)

Valmark Advisers Inc. raised its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 216,115 shares of the company’s stock after purchasing an additional 675 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares Select Dividend ETF were worth $25,333,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter worth $27,000. Parkside Financial Bank & Trust increased its stake in shares of iShares Select Dividend ETF by 91.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after acquiring an additional 186 shares during the last quarter. JNBA Financial Advisors increased its stake in shares of iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after acquiring an additional 94 shares during the last quarter. Fortitude Family Office LLC acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter worth $57,000. Finally, Financial Connections Group Inc. acquired a new position in shares of iShares Select Dividend ETF in the fourth quarter worth $58,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY traded down $0.42 during mid-day trading on Friday, reaching $119.78. The company had a trading volume of 322,915 shares, compared to its average volume of 573,232. iShares Select Dividend ETF has a twelve month low of $102.66 and a twelve month high of $123.43. The stock has a market capitalization of $18.20 billion, a PE ratio of 12.98 and a beta of 0.87. The stock’s 50 day moving average is $119.11 and its 200-day moving average is $114.89.

iShares Select Dividend ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were paid a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Thursday, March 21st.

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.