Wealth Alliance Grows Position in iShares Select Dividend ETF (NASDAQ:DVY)

Wealth Alliance lifted its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 66.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,457 shares of the company’s stock after purchasing an additional 3,764 shares during the quarter. Wealth Alliance’s holdings in iShares Select Dividend ETF were worth $1,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of DVY. Stock Yards Bank & Trust Co. boosted its holdings in iShares Select Dividend ETF by 14.5% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 13,617 shares of the company’s stock valued at $1,647,000 after acquiring an additional 1,722 shares during the period. Edgestream Partners L.P. purchased a new position in iShares Select Dividend ETF during the 2nd quarter valued at about $223,000. Moors & Cabot Inc. boosted its holdings in iShares Select Dividend ETF by 7.2% during the 2nd quarter. Moors & Cabot Inc. now owns 5,997 shares of the company’s stock valued at $725,000 after acquiring an additional 404 shares during the period. Citizens Financial Group Inc. RI boosted its holdings in iShares Select Dividend ETF by 6.8% during the 2nd quarter. Citizens Financial Group Inc. RI now owns 57,160 shares of the company’s stock valued at $6,915,000 after acquiring an additional 3,652 shares during the period. Finally, One Capital Management LLC boosted its holdings in iShares Select Dividend ETF by 72.0% during the 2nd quarter. One Capital Management LLC now owns 3,910 shares of the company’s stock valued at $473,000 after acquiring an additional 1,637 shares during the period. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock opened at $134.71 on Thursday. The business has a 50-day moving average of $129.70 and a 200 day moving average of $124.08. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $136.11. The stock has a market capitalization of $20.02 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

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.