GUNN & Co INVESTMENT MANAGEMENT INC. Buys New Shares in iShares Select Dividend ETF (NASDAQ:DVY)

GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,300 shares of the company’s stock, valued at approximately $504,000.

Several other large investors have also recently modified their holdings of DVY. GAMMA Investing LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $27,000. Parkside Financial Bank & Trust grew its stake in shares of iShares Select Dividend ETF by 91.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after purchasing an additional 186 shares in the last quarter. JNBA Financial Advisors boosted its position in shares of iShares Select Dividend ETF by 26.6% during the 3rd quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after acquiring an additional 94 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth approximately $57,000. Finally, Financial Connections Group Inc. purchased a new position in iShares Select Dividend ETF during the 4th quarter worth approximately $58,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY traded up $0.84 on Tuesday, hitting $122.78. The company’s stock had a trading volume of 79,035 shares, compared to its average volume of 554,859. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $123.43. The company has a market capitalization of $18.63 billion, a price-to-earnings ratio of 13.25 and a beta of 0.68. The stock has a 50 day moving average of $119.70 and a 200-day moving average of $115.50.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a $0.9976 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.25%.

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.