Newbridge Financial Services Group Inc. Takes $52,000 Position in iShares Select Dividend ETF (NASDAQ:DVY)

Newbridge Financial Services Group Inc. purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 393 shares of the company’s stock, valued at approximately $52,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of iShares Select Dividend ETF by 340.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after acquiring an additional 150 shares during the last quarter. ORG Wealth Partners LLC purchased a new stake in iShares Select Dividend ETF in the third quarter worth $36,000. JDM Financial Group LLC increased its position in iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after buying an additional 75 shares during the last quarter. Weaver Capital Management LLC purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth $43,000. Finally, Financial Life Planners purchased a new stake in iShares Select Dividend ETF in the fourth quarter worth $58,000. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $135.21 on Wednesday. The business has a fifty day simple moving average of $133.99 and a two-hundred day simple moving average of $134.02. iShares Select Dividend ETF has a 1 year low of $112.42 and a 1 year high of $144.09. The company has a market capitalization of $20.10 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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