Riggs Capital Management LLC Takes Position in iShares Select Dividend ETF (NASDAQ:DVY)

Riggs Capital Management LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,245 shares of the company’s stock, valued at approximately $557,000.

Several other hedge funds have also recently added to or reduced their stakes in DVY. JPMorgan Chase & Co. lifted its holdings in iShares Select Dividend ETF by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after buying an additional 7,012 shares during the last quarter. ORG Partners LLC raised its position in shares of iShares Select Dividend ETF by 331.9% during the 4th quarter. ORG Partners LLC now owns 488 shares of the company’s stock worth $64,000 after acquiring an additional 375 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in iShares Select Dividend ETF by 588.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock worth $37,869,000 after purchasing an additional 246,540 shares during the last quarter. Regatta Capital Group LLC boosted its holdings in iShares Select Dividend ETF by 6.7% in the fourth quarter. Regatta Capital Group LLC now owns 3,965 shares of the company’s stock valued at $521,000 after purchasing an additional 250 shares in the last quarter. Finally, Fulton Bank N.A. increased its stake in iShares Select Dividend ETF by 20.4% in the fourth quarter. Fulton Bank N.A. now owns 26,935 shares of the company’s stock valued at $3,536,000 after purchasing an additional 4,568 shares during the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.8 %

DVY stock opened at $132.74 on Monday. The company’s 50 day moving average is $134.70 and its two-hundred day moving average is $135.13. iShares Select Dividend ETF has a twelve month low of $115.43 and a twelve month high of $144.09. The stock has a market cap of $19.73 billion, a P/E ratio of 15.96 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced 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 of this dividend was Tuesday, March 18th.

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.