Fonville Wealth Management LLC Acquires Shares of 4,418 iShares Select Dividend ETF (NASDAQ:DVY)

Fonville Wealth Management LLC bought a new position in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 4,418 shares of the company’s stock, valued at approximately $518,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DVY. Moneta Group Investment Advisors LLC lifted its position in iShares Select Dividend ETF by 107,178.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 75,921,028 shares of the company’s stock worth $9,156,076,000 after buying an additional 75,850,258 shares in the last quarter. International Assets Investment Management LLC lifted its position in iShares Select Dividend ETF by 12,638.3% in the 4th quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock worth $282,196,000 after buying an additional 2,388,510 shares in the last quarter. Sowell Financial Services LLC raised its holdings in shares of iShares Select Dividend ETF by 7,874.8% during the 1st quarter. Sowell Financial Services LLC now owns 1,287,928 shares of the company’s stock valued at $113,110,000 after purchasing an additional 1,271,778 shares in the last quarter. Morgan Stanley raised its holdings in shares of iShares Select Dividend ETF by 12.1% during the 4th quarter. Morgan Stanley now owns 7,648,470 shares of the company’s stock valued at $922,406,000 after purchasing an additional 823,118 shares in the last quarter. Finally, Comerica Bank bought a new position in shares of iShares Select Dividend ETF during the 3rd quarter valued at $61,160,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock traded up $0.53 during midday trading on Thursday, reaching $116.88. 408,079 shares of the company’s stock traded hands, compared to its average volume of 580,896. The company has a market cap of $17.93 billion, a price-to-earnings ratio of 11.69 and a beta of 0.87. The company’s 50 day simple moving average is $118.43 and its 200 day simple moving average is $114.20. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $123.43.

iShares Select Dividend ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.9976 per share. The ex-dividend date was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.41%.

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.