Millstone Evans Group LLC Purchases New Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Millstone Evans Group LLC acquired a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 273 shares of the company’s stock, valued at approximately $36,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DVY. Wealthfront Advisers LLC boosted its stake in iShares Select Dividend ETF by 194,486.4% during the fourth quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock worth $3,215,121,000 after acquiring an additional 24,476,112 shares in the last quarter. Raymond James Financial Inc. purchased a new position in iShares Select Dividend ETF in the 4th quarter worth about $156,322,000. Miller Howard Investments Inc. NY lifted its stake in iShares Select Dividend ETF by 369.5% during the 4th quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock valued at $65,504,000 after acquiring an additional 392,667 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of iShares Select Dividend ETF by 588.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock valued at $37,869,000 after acquiring an additional 246,540 shares during the last quarter. Finally, Private Advisor Group LLC grew its stake in shares of iShares Select Dividend ETF by 94.0% in the fourth quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock worth $50,416,000 after acquiring an additional 186,055 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.8 %

Shares of DVY stock opened at $133.87 on Tuesday. iShares Select Dividend ETF has a 12-month low of $115.43 and a 12-month high of $144.09. The stock has a market capitalization of $19.90 billion, a P/E ratio of 15.96 and a beta of 0.87. The firm’s 50 day moving average is $134.69 and its 200 day moving average is $135.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were given a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.