Dale Q Rice Investment Management Ltd Acquires Shares of 12,570 iShares Select Dividend ETF (NASDAQ:DVY)

Dale Q Rice Investment Management Ltd bought a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 12,570 shares of the company’s stock, valued at approximately $1,650,000. iShares Select Dividend ETF comprises approximately 0.7% of Dale Q Rice Investment Management Ltd’s holdings, making the stock its 21st largest holding.

Several other hedge funds have also made changes to their positions in DVY. International Assets Investment Management LLC increased its stake in shares of iShares Select Dividend ETF by 17,525.9% during the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock worth $590,660,000 after acquiring an additional 4,348,183 shares during the period. LPL Financial LLC raised its stake in shares of iShares Select Dividend ETF by 4.6% during the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after buying an additional 64,620 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $5,769,000. Florin Court Capital LLP boosted its stake in shares of iShares Select Dividend ETF by 119.7% in the third quarter. Florin Court Capital LLP now owns 65,700 shares of the company’s stock valued at $8,874,000 after buying an additional 35,800 shares in the last quarter. Finally, Granite FO LLC purchased a new position in iShares Select Dividend ETF in the second quarter worth $3,774,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $129.42 on Tuesday. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09. The firm has a market capitalization of $19.70 billion, a P/E ratio of 13.25 and a beta of 0.87. The company’s fifty day moving average is $136.17 and its two-hundred day moving average is $132.55.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

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.