PKS Advisory Services LLC Invests $3.77 Million in iShares Select Dividend ETF (NASDAQ:DVY)

PKS Advisory Services LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 28,699 shares of the company’s stock, valued at approximately $3,768,000. iShares Select Dividend ETF accounts for about 1.0% of PKS Advisory Services LLC’s portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JDM Financial Group LLC grew its holdings in shares of iShares Select Dividend ETF by 33.3% during the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after buying an additional 75 shares in the last quarter. Richardson Financial Services Inc. boosted its stake in iShares Select Dividend ETF by 17.9% during the fourth quarter. Richardson Financial Services Inc. now owns 494 shares of the company’s stock worth $65,000 after buying an additional 75 shares during the last quarter. Unionview LLC grew its holdings in iShares Select Dividend ETF by 0.7% in the 4th quarter. Unionview LLC now owns 11,234 shares of the company’s stock valued at $1,475,000 after buying an additional 83 shares in the last quarter. Ritholtz Wealth Management raised its holdings in shares of iShares Select Dividend ETF by 3.2% during the 4th quarter. Ritholtz Wealth Management now owns 2,764 shares of the company’s stock worth $363,000 after acquiring an additional 86 shares during the period. Finally, Apollon Financial LLC boosted its position in shares of iShares Select Dividend ETF by 1.2% during the 4th quarter. Apollon Financial LLC now owns 7,713 shares of the company’s stock valued at $1,013,000 after acquiring an additional 90 shares during the last quarter. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Up 0.8 %

iShares Select Dividend ETF stock opened at $133.87 on Tuesday. The company has a 50-day moving average price of $134.69 and a 200 day moving average price of $135.09. iShares Select Dividend ETF has a 12-month low of $115.43 and a 12-month high of $144.09. The stock has a market cap of $19.90 billion, a P/E ratio of 15.96 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 18th were issued a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.