Focus Financial Network Inc. Grows Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Focus Financial Network Inc. grew its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 8.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,071 shares of the company’s stock after purchasing an additional 777 shares during the period. Focus Financial Network Inc.’s holdings in iShares Select Dividend ETF were worth $1,322,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DVY. Pineridge Advisors LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter worth about $79,000. Principle Wealth Partners LLC increased its stake in shares of iShares Select Dividend ETF by 48.4% during the 4th quarter. Principle Wealth Partners LLC now owns 43,566 shares of the company’s stock valued at $5,720,000 after acquiring an additional 14,204 shares during the last quarter. Ocean Park Asset Management LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $478,000. Powell Investment Advisors LLC lifted its holdings in shares of iShares Select Dividend ETF by 0.4% during the 4th quarter. Powell Investment Advisors LLC now owns 92,915 shares of the company’s stock worth $12,199,000 after acquiring an additional 363 shares during the period. Finally, Sensible Money LLC boosted its position in shares of iShares Select Dividend ETF by 12.3% in the fourth quarter. Sensible Money LLC now owns 2,007 shares of the company’s stock worth $264,000 after acquiring an additional 220 shares during the last quarter. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock opened at $135.21 on Wednesday. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $112.42 and a 1 year high of $144.09. The firm has a 50 day moving average price of $133.99 and a 200 day moving average price of $134.02.

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 issued a dividend of $1.3164 per share. The ex-dividend date was Tuesday, December 17th.

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.