Summit Asset Management LLC Acquires Shares of 1,500 iShares Select Dividend ETF (NASDAQ:DVY)

Summit Asset Management LLC acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,500 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently bought and sold shares of DVY. Pathway Financial Advisers LLC lifted its holdings in iShares Select Dividend ETF by 1.4% during the 2nd quarter. Pathway Financial Advisers LLC now owns 6,137 shares of the company’s stock worth $740,000 after buying an additional 84 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in iShares Select Dividend ETF by 1.6% during the 2nd quarter. LS Investment Advisors LLC now owns 5,392 shares of the company’s stock worth $652,000 after buying an additional 85 shares during the last quarter. Regatta Capital Group LLC lifted its holdings in iShares Select Dividend ETF by 2.5% during the 3rd quarter. Regatta Capital Group LLC now owns 3,715 shares of the company’s stock worth $502,000 after buying an additional 90 shares during the last quarter. Dodds Wealth LLC lifted its holdings in iShares Select Dividend ETF by 1.1% during the 3rd quarter. Dodds Wealth LLC now owns 7,941 shares of the company’s stock worth $1,055,000 after buying an additional 90 shares during the last quarter. Finally, Perfromance Wealth Partners LLC lifted its holdings in iShares Select Dividend ETF by 0.9% during the 2nd quarter. Perfromance Wealth Partners LLC now owns 10,034 shares of the company’s stock worth $1,214,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.1 %

Shares of NASDAQ DVY opened at $138.24 on Thursday. The company has a market cap of $20.60 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $107.29 and a 12-month high of $139.90. The stock’s 50 day simple moving average is $134.65 and its 200 day simple moving average is $128.28.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were paid a dividend of $1.5496 per share. The ex-dividend date was Wednesday, September 25th.

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.