Financial Consulate Inc. Buys New Shares in iShares Select Dividend ETF (NASDAQ:DVY)

Financial Consulate Inc. purchased a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY – Get Rating) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,291 shares of the company’s stock, valued at approximately $517,000.

A number of other institutional investors have also recently bought and sold shares of DVY. Citigroup Inc. increased its position in iShares Select Dividend ETF by 340.7% during the first quarter. Citigroup Inc. now owns 16,028 shares of the company’s stock worth $2,054,000 after buying an additional 12,391 shares during the last quarter. Allianz Asset Management GmbH acquired a new position in iShares Select Dividend ETF during the first quarter worth approximately $2,396,000. First Western Trust Bank acquired a new position in iShares Select Dividend ETF during the first quarter worth approximately $1,188,000. Prudential Financial Inc. bought a new stake in shares of iShares Select Dividend ETF during the first quarter worth approximately $205,000. Finally, Worth Asset Management LLC bought a new stake in shares of iShares Select Dividend ETF during the first quarter worth approximately $177,000. Institutional investors and hedge funds own 43.99% of the company’s stock.

iShares Select Dividend ETF Stock Down 1.9 %

Shares of NASDAQ:DVY opened at $112.48 on Friday. iShares Select Dividend ETF has a 12-month low of $105.59 and a 12-month high of $133.33. The stock has a market cap of $21.25 billion, a PE ratio of 11.69 and a beta of 0.88. The business has a 50 day moving average of $122.38 and a 200-day moving average of $119.74.

About iShares Select Dividend ETF

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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.