GM Advisory Group LLC Invests $203,000 in iShares Select Dividend ETF (NASDAQ:DVY)

GM Advisory Group LLC bought a new position in shares of iShares Select Dividend ETF (NASDAQ:DVY) during the second quarter, Holdings Channel.com reports. The fund bought 1,680 shares of the company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Ieq Capital LLC increased its position in iShares Select Dividend ETF by 1.1% in the 2nd quarter. Ieq Capital LLC now owns 26,282 shares of the company’s stock valued at $3,180,000 after acquiring an additional 292 shares during the period. Middleton & Co. Inc. MA acquired a new position in iShares Select Dividend ETF in the 2nd quarter valued at about $203,000. Carolinas Wealth Consulting LLC increased its position in iShares Select Dividend ETF by 5.7% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 3,290 shares of the company’s stock valued at $398,000 after acquiring an additional 176 shares during the period. Hsbc Holdings PLC increased its position in iShares Select Dividend ETF by 84.7% in the 2nd quarter. Hsbc Holdings PLC now owns 25,554 shares of the company’s stock valued at $3,092,000 after acquiring an additional 11,722 shares during the period. Finally, Wealth Alliance increased its position in iShares Select Dividend ETF by 66.1% in the 2nd quarter. Wealth Alliance now owns 9,457 shares of the company’s stock valued at $1,144,000 after acquiring an additional 3,764 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.1 %

Shares of DVY stock opened at $135.26 on Friday. The stock has a market capitalization of $20.11 billion, a PE 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 $136.11. The stock’s 50-day moving average price is $130.14 and its 200 day moving average price is $124.28.

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.