CMG Global Holdings LLC Boosts Stake in iShares Select Dividend ETF (NASDAQ:DVY)

CMG Global Holdings LLC increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 2.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 17,688 shares of the company’s stock after purchasing an additional 404 shares during the quarter. iShares Select Dividend ETF makes up approximately 1.3% of CMG Global Holdings LLC’s investment portfolio, making the stock its 24th biggest position. CMG Global Holdings LLC’s holdings in iShares Select Dividend ETF were worth $2,370,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in shares of iShares Select Dividend ETF during the 2nd quarter valued at $5,769,000. Passive Capital Management LLC. purchased a new stake in iShares Select Dividend ETF in the 2nd quarter worth $302,000. M&R Capital Management Inc. raised its holdings in iShares Select Dividend ETF by 1,455.0% during the third quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock valued at $42,000 after acquiring an additional 291 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in iShares Select Dividend ETF during the third quarter valued at about $2,058,000. Finally, Park Avenue Securities LLC boosted its stake in shares of iShares Select Dividend ETF by 51.6% in the third quarter. Park Avenue Securities LLC now owns 8,617 shares of the company’s stock worth $1,164,000 after acquiring an additional 2,934 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Up 0.8 %

NASDAQ:DVY opened at $135.70 on Friday. The stock has a 50-day moving average price of $135.28 and a 200 day moving average price of $133.56. The stock has a market capitalization of $20.31 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12-month low of $112.42 and a 12-month high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date was Tuesday, December 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.