Moment Partners LLC Raises Stake in iShares Select Dividend ETF $DVY

Moment Partners LLC boosted its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 2.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 257,281 shares of the company’s stock after purchasing an additional 6,873 shares during the quarter. iShares Select Dividend ETF accounts for about 7.5% of Moment Partners LLC’s portfolio, making the stock its 6th largest holding. Moment Partners LLC’s holdings in iShares Select Dividend ETF were worth $36,313,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Bank of America Corp DE lifted its position in iShares Select Dividend ETF by 3.3% during the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after purchasing an additional 256,434 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in iShares Select Dividend ETF by 1,771.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 6,385,482 shares of the company’s stock worth $901,247,000 after buying an additional 6,044,290 shares in the last quarter. JPMorgan Chase & Co. grew its stake in iShares Select Dividend ETF by 1.6% during the third quarter. JPMorgan Chase & Co. now owns 1,549,408 shares of the company’s stock worth $220,171,000 after buying an additional 24,718 shares in the last quarter. UBS Group AG grew its stake in iShares Select Dividend ETF by 3.0% during the fourth quarter. UBS Group AG now owns 1,189,865 shares of the company’s stock worth $167,938,000 after buying an additional 34,832 shares in the last quarter. Finally, Miller Howard Investments Inc. NY grew its stake in iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after buying an additional 445,910 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $153.71 on Wednesday. The company has a market capitalization of $22.61 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 12-month low of $129.36 and a 12-month high of $160.38. The firm’s 50-day moving average price is $152.44 and its two-hundred day moving average price is $149.23.

iShares Select Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 20th. Shareholders of record on Tuesday, March 17th were paid a dividend of $1.1493 per share. This represents a $4.60 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, March 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. The Index consists of 100 of the highest dividend-yielding securities (excluding real estate investment trusts (REITs) in the Dow Jones U.S.