Gitterman Wealth Management LLC Invests $216,000 in iShares Select Dividend ETF (NASDAQ:DVY)

Gitterman Wealth Management LLC acquired a new stake in iShares Select Dividend ETF (NASDAQ:DVY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,643 shares of the company’s stock, valued at approximately $216,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its stake in shares of iShares Select Dividend ETF by 194,486.4% in the 4th quarter. Wealthfront Advisers LLC now owns 24,488,697 shares of the company’s stock valued at $3,215,121,000 after acquiring an additional 24,476,112 shares during the last quarter. Raymond James Financial Inc. bought a new stake in iShares Select Dividend ETF in the fourth quarter valued at approximately $156,322,000. Miller Howard Investments Inc. NY increased its stake in iShares Select Dividend ETF by 369.5% in the fourth quarter. Miller Howard Investments Inc. NY now owns 498,927 shares of the company’s stock valued at $65,504,000 after purchasing an additional 392,667 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in iShares Select Dividend ETF by 588.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 288,441 shares of the company’s stock worth $37,869,000 after purchasing an additional 246,540 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of iShares Select Dividend ETF by 94.0% during the fourth quarter. Private Advisor Group LLC now owns 384,003 shares of the company’s stock worth $50,416,000 after purchasing an additional 186,055 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 2.0 %

DVY opened at $133.17 on Friday. The stock has a market cap of $19.80 billion, a P/E 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 company has a fifty day simple moving average of $134.29 and a 200 day simple moving average of $135.07.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were issued 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.