Stronghold Wealth Management L.L.C. Invests $982,000 in iShares Select Dividend ETF $DVY

Stronghold Wealth Management L.L.C. bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the fourth quarter, Holdings Channel.com reports. The firm bought 6,960 shares of the company’s stock, valued at approximately $982,000. iShares Select Dividend ETF accounts for approximately 1.5% of Stronghold Wealth Management L.L.C.’s holdings, making the stock its 12th largest holding.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC raised its position in shares of iShares Select Dividend ETF by 11.8% in the third quarter. Advisory Services Network LLC now owns 128,690 shares of the company’s stock worth $18,287,000 after buying an additional 13,536 shares in the last quarter. HighTower Advisors LLC raised its position in shares of iShares Select Dividend ETF by 5.2% in the third quarter. HighTower Advisors LLC now owns 329,839 shares of the company’s stock worth $46,870,000 after buying an additional 16,296 shares in the last quarter. FAS Wealth Partners Inc. raised its position in shares of iShares Select Dividend ETF by 12.5% in the third quarter. FAS Wealth Partners Inc. now owns 31,308 shares of the company’s stock worth $4,449,000 after buying an additional 3,467 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of iShares Select Dividend ETF in the third quarter worth $459,000. Finally, American Wealth Advisors LLC purchased a new stake in shares of iShares Select Dividend ETF in the third quarter worth $1,884,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $150.96 on Monday. iShares Select Dividend ETF has a 52-week low of $128.96 and a 52-week high of $160.38. The company has a market capitalization of $22.21 billion, a PE ratio of 13.69 and a beta of 0.67. The business’s fifty day moving average is $151.68 and its 200 day moving average is $148.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders 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%.

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.