FSA Investment Group LLC Invests $463,000 in iShares Select Dividend ETF (NASDAQ:DVY)

FSA Investment Group LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,529 shares of the company’s stock, valued at approximately $463,000. iShares Select Dividend ETF makes up approximately 0.4% of FSA Investment Group LLC’s investment portfolio, making the stock its 16th largest position.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Banque Cantonale Vaudoise grew its stake in shares of iShares Select Dividend ETF by 10.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 798 shares of the company’s stock valued at $108,000 after acquiring an additional 73 shares during the period. JDM Financial Group LLC increased its holdings in shares of iShares Select Dividend ETF by 33.3% in the 3rd 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. Unionview LLC raised its position in iShares Select Dividend ETF by 0.7% during the third quarter. Unionview LLC now owns 11,151 shares of the company’s stock valued at $1,506,000 after purchasing an additional 76 shares during the period. CMG Global Holdings LLC boosted its stake in iShares Select Dividend ETF by 0.5% during the third quarter. CMG Global Holdings LLC now owns 17,284 shares of the company’s stock worth $2,335,000 after buying an additional 80 shares during the period. Finally, Ritholtz Wealth Management grew its holdings in iShares Select Dividend ETF by 3.2% during the 4th quarter. Ritholtz Wealth Management now owns 2,764 shares of the company’s stock valued at $363,000 after purchasing an additional 86 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.8 %

NASDAQ:DVY opened at $135.70 on Friday. The stock has a fifty day simple moving average of $135.28 and a 200-day simple moving average of $133.56. iShares Select Dividend ETF has a twelve month low of $112.42 and a twelve month high of $144.09. The company has a market cap of $20.31 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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

About iShares Select Dividend ETF

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.