Wealth Alliance Makes New Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Wealth Alliance purchased a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 6,764 shares of the company’s stock, valued at approximately $793,000.

A number of other large investors have also bought and sold shares of DVY. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of iShares Select Dividend ETF by 1.2% in the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 6,854 shares of the company’s stock valued at $878,000 after buying an additional 81 shares in the last quarter. Halbert Hargrove Global Advisors LLC lifted its stake in shares of iShares Select Dividend ETF by 2.1% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock valued at $513,000 after buying an additional 88 shares in the last quarter. Financial Advocates Investment Management lifted its stake in shares of iShares Select Dividend ETF by 0.7% in the fourth quarter. Financial Advocates Investment Management now owns 14,216 shares of the company’s stock valued at $1,714,000 after buying an additional 93 shares in the last quarter. JNBA Financial Advisors lifted its stake in shares of iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after buying an additional 94 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of iShares Select Dividend ETF by 0.6% in the third quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock valued at $1,730,000 after buying an additional 96 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

DVY opened at $115.73 on Wednesday. The company’s 50-day moving average is $118.38 and its 200 day moving average is $114.19. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $123.43. The firm has a market capitalization of $17.75 billion, a P/E ratio of 11.69 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were given a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Thursday, March 21st.

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.