Moors & Cabot Inc. Boosts Stock Position in iShares Select Dividend ETF (NASDAQ:DVY)

Moors & Cabot Inc. increased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,034 shares of the company’s stock after buying an additional 102 shares during the quarter. Moors & Cabot Inc.’s holdings in iShares Select Dividend ETF were worth $792,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of iShares Select Dividend ETF by 340.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock valued at $25,000 after buying an additional 150 shares during the period. Creative Capital Management Investments LLC purchased a new position in iShares Select Dividend ETF in the fourth quarter worth approximately $33,000. Roxbury Financial LLC acquired a new stake in iShares Select Dividend ETF during the fourth quarter worth $38,000. JDM Financial Group LLC raised 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 valued at $41,000 after purchasing an additional 75 shares during the period. Finally, Weaver Capital Management LLC purchased a new stake in iShares Select Dividend ETF in the fourth quarter valued at $43,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 2.0 %

NASDAQ DVY opened at $133.17 on Friday. The stock has a fifty day simple moving average of $134.29 and a 200-day simple moving average of $135.05. The stock has a market cap of $19.80 billion, a PE ratio of 16.35 and a beta of 0.87. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders 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.