Manuka Financial LLC Makes New Investment in iShares Select Dividend ETF (NASDAQ:DVY)

Manuka Financial LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, Holdings Channel.com reports. The firm bought 1,915 shares of the company’s stock, valued at approximately $251,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of iShares Select Dividend ETF by 340.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after buying an additional 150 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in shares of iShares Select Dividend ETF in the third quarter worth about $36,000. JDM Financial Group LLC raised its stake in iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after purchasing an additional 75 shares in the last quarter. ORG Partners LLC raised its stake in iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after purchasing an additional 375 shares in the last quarter. Finally, Armstrong Advisory Group Inc. raised its stake in iShares Select Dividend ETF by 205.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 516 shares of the company’s stock valued at $68,000 after purchasing an additional 347 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $134.75 on Friday. The firm’s 50 day simple moving average is $135.17 and its 200 day simple moving average is $133.58. The company has a market capitalization of $20.17 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $112.42 and a 1-year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

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