Oppenheimer & Co. Inc. Grows Stock Position in iShares Select Dividend ETF $DVY

Oppenheimer & Co. Inc. increased its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,177 shares of the company’s stock after buying an additional 3,864 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares Select Dividend ETF were worth $6,941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DVY. Miller Howard Investments Inc. NY lifted its position in iShares Select Dividend ETF by 745.9% during the fourth quarter. Miller Howard Investments Inc. NY now owns 505,689 shares of the company’s stock worth $71,373,000 after buying an additional 445,910 shares during the period. Bank of America Corp DE lifted its position in iShares Select Dividend ETF by 3.3% during the third quarter. Bank of America Corp DE now owns 8,096,893 shares of the company’s stock worth $1,150,568,000 after buying an additional 256,434 shares during the period. Orion Porfolio Solutions LLC raised its holdings in shares of iShares Select Dividend ETF by 526.0% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 181,391 shares of the company’s stock worth $24,091,000 after purchasing an additional 152,417 shares during the period. UBS Group AG raised its holdings in shares of iShares Select Dividend ETF by 10.0% in the 3rd quarter. UBS Group AG now owns 1,155,033 shares of the company’s stock worth $164,130,000 after purchasing an additional 104,866 shares during the period. Finally, Greenberg Financial Group purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter worth about $9,049,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock opened at $154.63 on Friday. The stock’s 50-day moving average is $152.24 and its 200-day moving average is $147.33. The company has a market cap of $22.75 billion, a price-to-earnings ratio of 13.69 and a beta of 0.67. iShares Select Dividend ETF has a 12 month low of $128.34 and a 12 month high of $160.38.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF Company 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.