Newbridge Financial Services Group Inc. Takes $52,000 Position in iShares Select Dividend ETF (NASDAQ:DVY)

Newbridge Financial Services Group Inc. purchased a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 393 shares of the company’s stock, valued at approximately $52,000.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in shares of iShares Select Dividend ETF by 0.5% in the third quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock valued at $186,510,000 after purchasing an additional 7,012 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in iShares Select Dividend ETF by 2.2% during the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock valued at $6,461,000 after buying an additional 1,041 shares during the period. Global Retirement Partners LLC boosted its stake in iShares Select Dividend ETF by 12.0% during the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock valued at $572,000 after buying an additional 455 shares during the period. ORG Partners LLC boosted its stake in iShares Select Dividend ETF by 331.9% during the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after buying an additional 375 shares during the period. Finally, Regatta Capital Group LLC boosted its stake in iShares Select Dividend ETF by 6.7% during the fourth quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock valued at $521,000 after buying an additional 250 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ:DVY opened at $135.21 on Wednesday. The firm has a market capitalization of $20.10 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09. The stock has a fifty day moving average of $133.99 and a 200 day moving average of $134.02.

iShares Select Dividend ETF Cuts Dividend

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

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.