North Star Investment Management Corp. Grows Stock Position in iShares Select Dividend ETF $DVY

North Star Investment Management Corp. boosted its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,520 shares of the company’s stock after acquiring an additional 4,271 shares during the quarter. iShares Select Dividend ETF comprises about 0.7% of North Star Investment Management Corp.’s holdings, making the stock its 23rd largest holding. North Star Investment Management Corp. owned approximately 0.06% of iShares Select Dividend ETF worth $11,647,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE boosted its holdings in iShares Select Dividend ETF by 3.3% in the 3rd quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after acquiring an additional 256,434 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares Select Dividend ETF by 1.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,549,408 shares of the company’s stock worth $220,171,000 after acquiring an additional 24,718 shares during the period. UBS Group AG boosted its holdings in iShares Select Dividend ETF by 3.0% in the 4th quarter. UBS Group AG now owns 1,189,865 shares of the company’s stock worth $167,938,000 after acquiring an additional 34,832 shares during the period. Miller Howard Investments Inc. NY boosted its holdings in iShares Select Dividend ETF by 745.9% in the 4th quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after acquiring an additional 445,910 shares during the period. Finally, Mariner LLC boosted its holdings in iShares Select Dividend ETF by 3.4% in the 3rd quarter. Mariner LLC now owns 406,282 shares of the company’s stock worth $57,719,000 after acquiring an additional 13,444 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

NASDAQ DVY traded up $2.11 on Thursday, reaching $155.12. The company had a trading volume of 123,954 shares, compared to its average volume of 511,703. The firm has a market capitalization of $22.83 billion, a PE ratio of 13.69 and a beta of 0.71. iShares Select Dividend ETF has a 1 year low of $127.70 and a 1 year high of $160.38. The firm has a 50-day moving average of $152.26 and a 200-day moving average of $147.22.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were given a $1.1493 dividend. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, March 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.