Orion Portfolio Solutions LLC Purchases 20,063 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Orion Portfolio Solutions LLC grew its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 61.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,545 shares of the company’s stock after buying an additional 20,063 shares during the period. Orion Portfolio Solutions LLC’s holdings in iShares Select Dividend ETF were worth $6,899,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 buying an additional 150 shares during the last quarter. Creative Capital Management Investments LLC bought a new position in iShares Select Dividend ETF in the 4th quarter worth about $33,000. Roxbury Financial LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter valued at about $38,000. Millstone Evans Group LLC bought a new stake in iShares Select Dividend ETF during the 4th quarter valued at about $36,000. Finally, JDM Financial Group LLC raised its holdings 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. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $132.74 on Friday. The firm’s 50 day moving average price is $134.70 and its 200-day moving average price is $135.11. iShares Select Dividend ETF has a 52-week low of $115.43 and a 52-week high of $144.09. The company has a market cap of $19.73 billion, a PE ratio of 15.96 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

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

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.