Townsend Asset Management Corp NC ADV Has $3.98 Million Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Townsend Asset Management Corp NC ADV grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 3.2% in the 4th quarter, Holdings Channel reports. The fund owned 30,312 shares of the company’s stock after purchasing an additional 933 shares during the quarter. iShares Select Dividend ETF comprises 1.5% of Townsend Asset Management Corp NC ADV’s portfolio, making the stock its 17th biggest holding. Townsend Asset Management Corp NC ADV’s holdings in iShares Select Dividend ETF were worth $3,980,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of DVY. Forum Financial Management LP bought a new stake in shares of iShares Select Dividend ETF in the third quarter valued at about $247,000. QRG Capital Management Inc. grew its holdings in shares of iShares Select Dividend ETF by 2.4% during the 3rd quarter. QRG Capital Management Inc. now owns 8,011 shares of the company’s stock worth $1,082,000 after purchasing an additional 189 shares in the last quarter. United Advisor Group LLC bought a new stake in shares of iShares Select Dividend ETF during the third quarter valued at approximately $305,000. Global Wealth Management Investment Advisory Inc. acquired a new position in shares of iShares Select Dividend ETF in the third quarter valued at $219,000. Finally, Guidance Point Advisors LLC lifted its position in iShares Select Dividend ETF by 1.0% in the third quarter. Guidance Point Advisors LLC now owns 25,330 shares of the company’s stock worth $3,422,000 after purchasing an additional 259 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

DVY opened at $133.84 on Thursday. The company has a market capitalization of $19.90 billion, a P/E ratio of 16.35 and a beta of 0.87. The firm’s fifty day moving average price is $134.17 and its two-hundred day moving average price is $135.01. iShares Select Dividend ETF has a fifty-two week low of $115.43 and a fifty-two week high of $144.09.

iShares Select Dividend ETF Cuts Dividend

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