Clarity Asset Management Inc. Takes $67,000 Position in iShares Select Dividend ETF (NASDAQ:DVY)

Clarity Asset Management Inc. bought a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 572 shares of the company’s stock, valued at approximately $67,000.

Several other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC bought a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth about $27,000. Parkside Financial Bank & Trust lifted its stake in iShares Select Dividend ETF by 91.2% during the 4th quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after acquiring an additional 186 shares in the last quarter. Fortitude Family Office LLC purchased a new position in iShares Select Dividend ETF during the 4th quarter worth $57,000. Financial Connections Group Inc. purchased a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at about $58,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of iShares Select Dividend ETF during the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Performance

Shares of DVY stock opened at $119.79 on Friday. The company has a market capitalization of $18.20 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $125.99. The company has a 50-day simple moving average of $121.59 and a two-hundred day simple moving average of $118.49.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th will be issued a $0.9304 dividend. This represents a $3.72 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Tuesday, June 11th.

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.