Riggs Capital Management LLC Takes Position in iShares Select Dividend ETF (NASDAQ:DVY)

Riggs Capital Management LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,245 shares of the company’s stock, valued at approximately $557,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. JDM Financial Group LLC increased its position in shares of iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 75 shares during the last quarter. Richardson Financial Services Inc. boosted its stake in iShares Select Dividend ETF by 17.9% during the fourth quarter. Richardson Financial Services Inc. now owns 494 shares of the company’s stock worth $65,000 after buying an additional 75 shares during the period. Unionview LLC increased its position in shares of iShares Select Dividend ETF by 0.7% during the fourth quarter. Unionview LLC now owns 11,234 shares of the company’s stock valued at $1,475,000 after acquiring an additional 83 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of iShares Select Dividend ETF by 3.2% in the 4th quarter. Ritholtz Wealth Management now owns 2,764 shares of the company’s stock valued at $363,000 after acquiring an additional 86 shares during the period. Finally, Apollon Financial LLC lifted its holdings in shares of iShares Select Dividend ETF by 1.2% in the 4th quarter. Apollon Financial LLC now owns 7,713 shares of the company’s stock worth $1,013,000 after acquiring an additional 90 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $132.74 on Monday. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09. The company has a 50 day moving average price of $134.70 and a 200 day moving average price of $135.13. The stock has a market capitalization of $19.73 billion, a P/E ratio of 15.96 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The company 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 was Tuesday, March 18th.

iShares Select Dividend ETF 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.