Benedict Financial Advisors Inc. Purchases 540 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Benedict Financial Advisors Inc. raised its position in iShares Select Dividend ETF (NASDAQ:DVY) by 28.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,438 shares of the company’s stock after buying an additional 540 shares during the period. Benedict Financial Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in DVY. Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares Select Dividend ETF by 340.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after buying an additional 150 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in shares of iShares Select Dividend ETF in the 3rd quarter valued at about $36,000. JDM Financial Group LLC boosted its position in shares of iShares Select Dividend ETF by 33.3% during the 3rd quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares in the last quarter. Weaver Capital Management LLC acquired a new stake in iShares Select Dividend ETF during the fourth quarter worth approximately $43,000. Finally, Financial Life Planners bought a new stake in iShares Select Dividend ETF in the fourth quarter worth approximately $58,000. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Down 0.6 %

Shares of DVY stock opened at $134.10 on Friday. The firm has a 50 day moving average of $134.14 and a 200-day moving average of $133.89. The company has a market cap of $19.93 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.

iShares Select Dividend ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

iShares Select Dividend ETF Company 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.