Millstone Evans Group LLC Makes New $36,000 Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Millstone Evans Group LLC acquired a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, HoldingsChannel reports. The fund acquired 273 shares of the company’s stock, valued at approximately $36,000.

Other hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC lifted its position in shares of iShares Select Dividend ETF by 4.3% in the fourth quarter. TD Private Client Wealth LLC now owns 48,927 shares of the company’s stock valued at $6,424,000 after acquiring an additional 2,011 shares in the last quarter. Lee Danner & Bass Inc. boosted its stake in iShares Select Dividend ETF by 41.5% in the 4th quarter. Lee Danner & Bass Inc. now owns 3,410 shares of the company’s stock worth $448,000 after purchasing an additional 1,000 shares during the period. HUB Investment Partners LLC grew its holdings in iShares Select Dividend ETF by 7.1% during the 4th quarter. HUB Investment Partners LLC now owns 5,083 shares of the company’s stock valued at $667,000 after buying an additional 335 shares in the last quarter. Wilkins Investment Counsel Inc. bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter valued at approximately $213,000. Finally, North Forty Two & Co. purchased a new position in shares of iShares Select Dividend ETF in the fourth quarter worth $555,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

DVY opened at $133.87 on Tuesday. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of 15.96 and a beta of 0.87. The company has a fifty day moving average of $134.69 and a 200 day moving average of $135.09. 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 company also recently disclosed 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.