Keudell Morrison Wealth Management Makes New $1.19 Million Investment in iShares Select Dividend ETF $DVY

Keudell Morrison Wealth Management bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 8,449 shares of the company’s stock, valued at approximately $1,192,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Elevated Capital Advisors LLC acquired a new position in iShares Select Dividend ETF during the fourth quarter valued at approximately $26,000. Ransom Advisory Ltd acquired a new stake in iShares Select Dividend ETF in the fourth quarter worth $27,000. Qube Research & Technologies Ltd bought a new position in shares of iShares Select Dividend ETF during the second quarter worth $34,000. Headlands Technologies LLC bought a new position in shares of iShares Select Dividend ETF during the second quarter worth $38,000. Finally, Arvest Investments Inc. acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $50,000. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Up 0.6%

DVY opened at $154.13 on Friday. The stock has a market cap of $22.67 billion, a P/E ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 12 month low of $128.96 and a 12 month high of $160.38. The company has a fifty day simple moving average of $151.75 and a 200 day simple moving average of $148.46.

iShares Select Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Shareholders 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 annualized dividend and a 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.