Global Retirement Partners LLC Buys 7,842 Shares of iShares Select Dividend ETF $DVY

Global Retirement Partners LLC grew its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 128.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,940 shares of the company’s stock after buying an additional 7,842 shares during the quarter. Global Retirement Partners LLC’s holdings in iShares Select Dividend ETF were worth $1,967,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of 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 valued at $1,150,568,000 after buying an additional 256,434 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 valued at $901,247,000 after buying an additional 6,044,290 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of 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 valued at $220,171,000 after buying an additional 24,718 shares during the last quarter. UBS Group AG grew its stake in shares of 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 valued at $167,938,000 after buying an additional 34,832 shares during the last quarter. Finally, Miller Howard Investments Inc. NY grew its stake in shares of 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 valued at $71,373,000 after buying an additional 445,910 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY opened at $155.76 on Friday. The stock has a market cap of $22.91 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67. The stock’s 50 day moving average price is $151.84 and its 200-day moving average price is $148.51. iShares Select Dividend ETF has a one year low of $128.96 and a one year high of $160.38.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF Company 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.