Oppenheimer & Co. Inc. Raises Stake in iShares Select Dividend ETF $DVY

Oppenheimer & Co. Inc. lifted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,177 shares of the company’s stock after buying an additional 3,864 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares Select Dividend ETF were worth $6,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DVY. Elevated Capital Advisors LLC purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $26,000. Ransom Advisory Ltd purchased a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $27,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF during the second quarter worth about $34,000. Allspring Global Investments Holdings LLC grew its holdings in shares of iShares Select Dividend ETF by 242.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 257 shares of the company’s stock worth $36,000 after buying an additional 182 shares in the last quarter. Finally, Clean Yield Group purchased a new position in iShares Select Dividend ETF during the third quarter worth about $37,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Down 0.5%

NASDAQ DVY opened at $154.63 on Friday. The business’s 50-day moving average price is $152.24 and its 200 day moving average price is $147.33. iShares Select Dividend ETF has a twelve month low of $128.34 and a twelve month high of $160.38. The company has a market capitalization of $22.75 billion, a PE ratio of 13.69 and a beta of 0.67.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Tuesday, March 17th were given a dividend of $1.1493 per share. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 annualized dividend and a yield of 3.0%.

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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.