iShares Select Dividend ETF $DVY Stake Increased by GW Henssler & Associates Ltd.

GW Henssler & Associates Ltd. grew its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 27.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,498 shares of the company’s stock after purchasing an additional 35,667 shares during the period. iShares Select Dividend ETF makes up 1.1% of GW Henssler & Associates Ltd.’s portfolio, making the stock its 28th biggest position. GW Henssler & Associates Ltd.’s holdings in iShares Select Dividend ETF were worth $23,500,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of DVY. Elevated Capital Advisors LLC purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at $26,000. Ransom Advisory Ltd purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at $27,000. Qube Research & Technologies Ltd purchased a new stake in shares of iShares Select Dividend ETF in the second quarter valued at $34,000. Headlands Technologies LLC purchased a new stake in shares of iShares Select Dividend ETF in the second quarter valued at $38,000. Finally, Arvest Investments Inc. purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.8%

DVY opened at $153.71 on Tuesday. The stock has a fifty day moving average of $152.44 and a 200-day moving average of $149.23. The firm has a market capitalization of $22.61 billion, a P/E 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.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Stockholders of record on Tuesday, March 17th were issued a $1.1493 dividend. The ex-dividend date was Tuesday, March 17th. This represents a $4.60 dividend on an annualized basis and a dividend 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.