iShares Select Dividend ETF (NASDAQ:DVY) Stock Position Lifted by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 588.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 288,441 shares of the company’s stock after purchasing an additional 246,540 shares during the period. Charles Schwab Investment Management Inc. owned about 0.19% of iShares Select Dividend ETF worth $37,869,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Curi RMB Capital LLC grew its position in iShares Select Dividend ETF by 6.2% in the third quarter. Curi RMB Capital LLC now owns 18,674 shares of the company’s stock worth $2,522,000 after acquiring an additional 1,084 shares in the last quarter. Dearborn Partners LLC grew its position in iShares Select Dividend ETF by 2.6% in the third quarter. Dearborn Partners LLC now owns 4,491 shares of the company’s stock worth $607,000 after acquiring an additional 112 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its position in iShares Select Dividend ETF by 4.1% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 5,170 shares of the company’s stock worth $698,000 after acquiring an additional 202 shares in the last quarter. Squire Investment Management Company LLC grew its position in iShares Select Dividend ETF by 17.9% in the third quarter. Squire Investment Management Company LLC now owns 7,720 shares of the company’s stock worth $1,043,000 after acquiring an additional 1,170 shares in the last quarter. Finally, Turtle Creek Wealth Advisors LLC grew its position in iShares Select Dividend ETF by 80.1% in the third quarter. Turtle Creek Wealth Advisors LLC now owns 2,986 shares of the company’s stock worth $403,000 after acquiring an additional 1,328 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Up 2.0 %

DVY stock opened at $133.17 on Friday. The company has a market capitalization of $19.80 billion, a price-to-earnings ratio of 16.35 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $115.43 and a 12 month high of $144.09. The firm has a 50 day moving average of $134.29 and a two-hundred day moving average of $135.07.

iShares Select Dividend ETF Cuts Dividend

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

iShares Select Dividend ETF Company 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.