Asset Management Group Inc. Has $1.90 Million Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Asset Management Group Inc. lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,738 shares of the company’s stock after selling 306 shares during the quarter. Asset Management Group Inc.’s holdings in iShares Select Dividend ETF were worth $1,904,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its stake in iShares Select Dividend ETF by 34.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 230,083 shares of the company’s stock valued at $26,970,000 after purchasing an additional 58,877 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of iShares Select Dividend ETF by 34.4% in the 4th quarter. Gryphon Financial Partners LLC now owns 19,352 shares of the company’s stock valued at $2,268,000 after buying an additional 4,955 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of iShares Select Dividend ETF by 13.8% in the 4th quarter. D.A. Davidson & CO. now owns 26,974 shares of the company’s stock valued at $3,162,000 after buying an additional 3,279 shares in the last quarter. Corient Private Wealth LLC lifted its holdings in shares of iShares Select Dividend ETF by 2.4% during the 4th quarter. Corient Private Wealth LLC now owns 111,147 shares of the company’s stock worth $13,029,000 after acquiring an additional 2,620 shares during the period. Finally, Franklin Resources Inc. boosted its position in shares of iShares Select Dividend ETF by 4.8% during the 4th quarter. Franklin Resources Inc. now owns 158,369 shares of the company’s stock worth $18,564,000 after acquiring an additional 7,301 shares in the last quarter. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of DVY opened at $135.26 on Friday. The firm has a 50 day simple moving average of $130.14 and a two-hundred day simple moving average of $124.28. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $136.11. The company has a market cap of $20.11 billion, a P/E ratio of 13.25 and a beta of 0.87.

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.