Soltis Investment Advisors LLC Raises Stock Position in iShares Select Dividend ETF $DVY

Soltis Investment Advisors LLC grew its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 564.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,721 shares of the company’s stock after purchasing an additional 14,205 shares during the period. Soltis Investment Advisors LLC’s holdings in iShares Select Dividend ETF were worth $2,360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Bank of America Corp DE increased its stake in iShares Select Dividend ETF by 3.3% during the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after purchasing an additional 256,434 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in iShares Select Dividend ETF by 1,771.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after purchasing an additional 6,044,290 shares during the period. JPMorgan Chase & Co. increased its stake in iShares Select Dividend ETF by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 1,549,408 shares of the company’s stock worth $220,171,000 after purchasing an additional 24,718 shares during the period. UBS Group AG increased its stake in iShares Select Dividend ETF by 3.0% during the fourth quarter. UBS Group AG now owns 1,189,865 shares of the company’s stock worth $167,938,000 after purchasing an additional 34,832 shares during the period. Finally, Miller Howard Investments Inc. NY increased its stake in iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after purchasing an additional 445,910 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY opened at $150.96 on Monday. The stock’s 50-day moving average is $151.68 and its two-hundred day moving average is $148.09. iShares Select Dividend ETF has a 1-year low of $128.96 and a 1-year high of $160.38. The company has a market cap of $22.21 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were paid a dividend of $1.1493 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, March 17th.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.