iShares Select Dividend ETF $DVY Shares Purchased by UBS Group AG

UBS Group AG raised its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 3.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,189,865 shares of the company’s stock after acquiring an additional 34,832 shares during the quarter. UBS Group AG’s holdings in iShares Select Dividend ETF were worth $167,938,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DVY. Brighton Jones LLC lifted its position in iShares Select Dividend ETF by 14.3% during the fourth quarter. Brighton Jones LLC now owns 12,212 shares of the company’s stock valued at $1,603,000 after buying an additional 1,524 shares in the last quarter. AQR Capital Management LLC lifted its position in iShares Select Dividend ETF by 44.7% during the first quarter. AQR Capital Management LLC now owns 12,687 shares of the company’s stock valued at $1,704,000 after buying an additional 3,918 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in iShares Select Dividend ETF during the second quarter valued at approximately $34,000. NewEdge Advisors LLC lifted its position in iShares Select Dividend ETF by 0.4% during the second quarter. NewEdge Advisors LLC now owns 77,878 shares of the company’s stock valued at $10,343,000 after buying an additional 326 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its position in iShares Select Dividend ETF by 52.8% during the second quarter. Quantinno Capital Management LP now owns 24,543 shares of the company’s stock valued at $3,260,000 after buying an additional 8,479 shares in the last quarter. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.2%

NASDAQ DVY opened at $153.01 on Thursday. The company’s fifty day simple moving average is $152.26 and its 200-day simple moving average is $147.22. iShares Select Dividend ETF has a 52 week low of $126.22 and a 52 week high of $160.38. The stock has a market cap of $22.52 billion, a P/E ratio of 13.69 and a beta of 0.71.

iShares Select Dividend ETF Cuts Dividend

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

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.