Sanders Morris Harris LLC Takes Position in iShares Select Dividend ETF (NASDAQ:DVY)

Sanders Morris Harris LLC purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, Holdings Channel.com reports. The firm purchased 20,237 shares of the company’s stock, valued at approximately $2,657,000.

A number of other hedge funds have also recently made changes to their positions in the company. Flywheel Private Wealth LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $695,000. Armstrong Advisory Group Inc. lifted its holdings in shares of iShares Select Dividend ETF by 205.3% during the 4th quarter. Armstrong Advisory Group Inc. now owns 516 shares of the company’s stock worth $68,000 after acquiring an additional 347 shares during the last quarter. Smith Anglin Financial LLC lifted its holdings in shares of iShares Select Dividend ETF by 1.4% during the 4th quarter. Smith Anglin Financial LLC now owns 14,059 shares of the company’s stock worth $1,846,000 after acquiring an additional 193 shares during the last quarter. Apella Capital LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $247,000. Finally, Founders Grove Wealth Partners LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $218,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 0.0 %

Shares of NASDAQ DVY traded up $0.02 during mid-day trading on Thursday, reaching $132.82. 18,004 shares of the company were exchanged, compared to its average volume of 437,524. iShares Select Dividend ETF has a 52 week low of $112.42 and a 52 week high of $144.09. The stock has a market capitalization of $20.22 billion, a PE ratio of 13.25 and a beta of 0.87. The company’s 50 day moving average price is $136.10 and its 200 day moving average price is $132.62.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were paid a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

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.