Linscomb Wealth Inc. Purchases 1,256 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Linscomb Wealth Inc. boosted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 72,254 shares of the company’s stock after acquiring an additional 1,256 shares during the quarter. Linscomb Wealth Inc.’s holdings in iShares Select Dividend ETF were worth $9,486,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. QRG Capital Management Inc. increased its holdings in iShares Select Dividend ETF by 5.4% during the 4th quarter. QRG Capital Management Inc. now owns 8,441 shares of the company’s stock worth $1,108,000 after purchasing an additional 430 shares in the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of iShares Select Dividend ETF by 1.7% during the fourth quarter. Oppenheimer & Co. Inc. now owns 39,683 shares of the company’s stock valued at $5,210,000 after buying an additional 679 shares during the last quarter. Kovack Advisors Inc. bought a new stake in iShares Select Dividend ETF during the fourth quarter worth $203,000. LGL Partners LLC raised its position in iShares Select Dividend ETF by 0.9% in the 4th quarter. LGL Partners LLC now owns 32,445 shares of the company’s stock valued at $4,260,000 after buying an additional 294 shares during the last quarter. Finally, Weinberger Asset Management Inc raised its position in iShares Select Dividend ETF by 1.0% in the 4th quarter. Weinberger Asset Management Inc now owns 18,086 shares of the company’s stock valued at $2,374,000 after buying an additional 185 shares during the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY opened at $136.43 on Friday. iShares Select Dividend ETF has a 1 year low of $115.43 and a 1 year high of $144.09. The company has a market capitalization of $20.28 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. The firm’s fifty day moving average price is $133.87 and its two-hundred day moving average price is $134.74.

iShares Select Dividend ETF Cuts Dividend

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

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.