Meridian Wealth Management LLC Invests $1.14 Million in iShares Select Dividend ETF (NASDAQ:DVY)

Meridian Wealth Management LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,467 shares of the company’s stock, valued at approximately $1,144,000.

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in iShares Select Dividend ETF by 5.6% during the second quarter. NewEdge Advisors LLC now owns 75,747 shares of the company’s stock worth $9,164,000 after purchasing an additional 4,031 shares in the last quarter. Mather Group LLC. raised its stake in iShares Select Dividend ETF by 20.2% during the 2nd quarter. Mather Group LLC. now owns 3,278 shares of the company’s stock worth $404,000 after acquiring an additional 550 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in iShares Select Dividend ETF by 2.2% in the third quarter. Sequoia Financial Advisors LLC now owns 47,836 shares of the company’s stock valued at $6,461,000 after acquiring an additional 1,041 shares during the last quarter. Fifth Third Securities Inc. boosted its stake in iShares Select Dividend ETF by 1.1% in the second quarter. Fifth Third Securities Inc. now owns 26,939 shares of the company’s stock valued at $3,259,000 after acquiring an additional 294 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of iShares Select Dividend ETF by 12.0% during the third quarter. Global Retirement Partners LLC now owns 4,232 shares of the company’s stock worth $572,000 after purchasing an additional 455 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

DVY opened at $142.08 on Friday. The stock has a market capitalization of $21.17 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $109.90 and a one year high of $142.38. The business’s 50-day simple moving average is $135.74 and its 200-day simple moving average is $129.26.

iShares Select Dividend ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were paid a $1.5496 dividend. The ex-dividend date of this dividend was Wednesday, September 25th.

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.