Valmark Advisers Inc. Has $25.28 Million Position in iShares Select Dividend ETF $DVY

Valmark Advisers Inc. boosted its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 179,109 shares of the company’s stock after purchasing an additional 27,063 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares Select Dividend ETF were worth $25,279,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Ransom Advisory Ltd acquired a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC grew its holdings in 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 valued at $36,000 after purchasing an additional 182 shares during the period. Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF during the second quarter valued at approximately $34,000. Clean Yield Group acquired a new position in iShares Select Dividend ETF during the third quarter valued at approximately $37,000. Finally, Vermillion Wealth Management Inc. grew its holdings in iShares Select Dividend ETF by 220.7% during the third quarter. Vermillion Wealth Management Inc. now owns 263 shares of the company’s stock valued at $37,000 after purchasing an additional 181 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of NASDAQ DVY opened at $152.19 on Wednesday. The stock has a market cap of $22.47 billion, a P/E ratio of 13.69 and a beta of 0.71. The firm has a 50 day moving average price of $152.99 and a 200 day moving average price of $146.40. iShares Select Dividend ETF has a 52-week low of $122.47 and a 52-week high of $160.38.

iShares Select Dividend ETF Cuts Dividend

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

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