Edgestream Partners L.P. Purchases Shares of 1,846 iShares Select Dividend ETF (NASDAQ:DVY)

Edgestream Partners L.P. purchased a new stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,846 shares of the company’s stock, valued at approximately $223,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of iShares Select Dividend ETF by 2.5% during the 2nd quarter. LPL Financial LLC now owns 1,401,205 shares of the company’s stock worth $169,518,000 after purchasing an additional 34,221 shares during the period. Commonwealth Equity Services LLC raised its position in shares of iShares Select Dividend ETF by 2.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 649,767 shares of the company’s stock worth $78,609,000 after purchasing an additional 13,366 shares during the period. Jane Street Group LLC raised its position in shares of iShares Select Dividend ETF by 1,872.8% during the 1st quarter. Jane Street Group LLC now owns 617,469 shares of the company’s stock worth $76,060,000 after purchasing an additional 586,170 shares during the period. Stifel Financial Corp raised its position in shares of iShares Select Dividend ETF by 20.0% during the 4th quarter. Stifel Financial Corp now owns 321,861 shares of the company’s stock worth $37,729,000 after purchasing an additional 53,718 shares during the period. Finally, Miller Howard Investments Inc. NY increased its position in iShares Select Dividend ETF by 400.3% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 315,140 shares of the company’s stock valued at $38,126,000 after acquiring an additional 252,150 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY opened at $135.74 on Tuesday. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $136.11. The stock has a market cap of $20.18 billion, a P/E ratio of 13.25 and a beta of 0.87. The stock’s 50 day moving average price is $130.35 and its 200 day moving average price is $124.48.

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.