In a recently disclosed filing with the Securities and Exchange Commission (SEC), Balentine LLC revealed that it had increased its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 45.4% during the first quarter of this year. The Atlanta-based institutional investor now owns a total of 104,795 shares in the company, an additional 32,725 shares acquired within the quarter.
As a result of this transaction, iShares Select Dividend ETF represents approximately 0.4% of Balentine LLC’s overall investment portfolio, now standing as their 22nd largest position. It is worth noting that Balentine LLC’s ownership in this particular ETF corresponds to about 0.06% of iShares Select Dividend ETF’s total value on the market at present—an estimated $12,280,000.
This latest move by Balentine LLC demonstrates their continued interest in diversifying their investment holdings and maximizing potential returns. By increasing their stake in iShares Select Dividend ETF, they have shown confidence in the company’s performance and long-term prospects.
iShares Select Dividend ETF is designed to track the performance of the Dow Jones U.S. Select Dividend Index—an index composed of high-yielding U.S. stocks selected based on dividend payments and other criteria. As such, this ETF appeals to investors seeking income from dividend payments while also benefiting from potential capital appreciation.
Investing in dividend-focused exchange-traded funds (ETFs) has become increasingly popular among investors looking for reliable income streams amidst market volatility and uncertainty. These funds provide exposure to a diversified portfolio of stocks with consistent dividend payments across various sectors.
Balentine LLC’s decision to augment its stake in iShares Select Dividend ETF aligns with prevailing trends in investment strategies and suggests a deliberate attempt to capitalize on the potential growth prospects provided by dividend-focused investments.
The disclosed information speaks volumes about Balentine LLC’s meticulous approach to portfolio management. The increased allocation of resources to iShares Select Dividend ETF indicates the company’s assessment of the ETF’s underlying assets, its performance track record, and its ability to yield attractive returns in the long run.
While it is always vital to consider various factors when making investment decisions, Balentine LLC’s recent action reflects their commitment to exploring opportunities in dividend-focused investments. Investors could potentially benefit from monitoring the ongoing developments surrounding Balentine LLC’s investment holdings, particularly pertaining to iShares Select Dividend ETF.
As of August 26, 2023, this disclosure stands as a testament to Balentine LLC’s dedication to strategic investing and their belief in the growth prospects associated with iShares Select Dividend ETF. With these insights, investors can gain a better understanding of current market dynamics while potentially identifying sound investment strategies that align with their own objectives and risk appetites.
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Prominent Investors Adjust Holdings in iShares Select Dividend ETF: An Analysis of Recent Changes and Market Context
In the world of investing, it is not uncommon for large investors to modify their holdings in companies based on various factors. This holds true for the iShares Select Dividend ETF, as several prominent investors have made notable changes to their positions in the company.
Semus Wealth Partners LLC, for instance, recently increased its stake in the iShares Select Dividend ETF by a significant 25.8% during the first quarter. As a result, Semus Wealth Partners now owns 4,523 shares of the company’s stock, which are valued at approximately $530,000. This increase was achieved through the purchase of an additional 929 shares in the last quarter.
Similarly, Mission Wealth Management LP entered the picture by acquiring a new stake in the iShares Select Dividend ETF during the same period. The acquisition was valued at around $2,390,000 and demonstrated Mission Wealth Management’s confidence in the potential of this particular investment opportunity.
Another investor that expressed interest in the iShares Select Dividend ETF is Kwmg LLC. Their stake grew by 2.5% during the first quarter, with Kwmg LLC now owning 83,162 shares of the company’s stock worth $9,745,000 after purchasing an additional 2,014 shares.
First Commonwealth Financial Corp PA also saw value in investing further in this ETF. Their stake increased by 1.5% during the fourth quarter to a total of 33,605 shares valued at $4,053,000 after acquiring an additional 505 shares.
Bringing up the rear is Alpha Financial Partners LLC who acquired a new stake worth approximately $263,000 during the fourth quarter.
All these movements reflect a strong interest from institutional investors and hedge funds alike who currently own around 47.80% of this company’s stock.
NASDAQ DVY witnessed some activity on Friday when it traded up $0.48 during mid-day trading to reach $112.02. The number of shares traded amounted to 372,067, which is slightly below its average volume of 664,964. It is worth noting that the iShares Select Dividend ETF has seen a range of prices over the past year, from a low of $105.59 to a high of $126.89. Currently, it maintains a fifty-day simple moving average of $114.42 and a two-hundred-day simple moving average of $114.56.
Before diving headfirst into investing in the iShares Select Dividend ETF, it is crucial to contextualize this opportunity properly.
The iShares Select Dividend ETF, previously known as the iShares Dow Jones Select Dividend Index Fund, operates as an exchange-traded fund with the goal of achieving investment results that align with the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). This index measures how well a selected group of equity securities issued by companies have offered consistently high dividend yields over time.
Considering these recent changes in holdings and the current state of the market, potential investors should conduct thorough research and analysis before making any investment decisions regarding the iShares Select Dividend ETF. It is essential to fully comprehend the intricacies surrounding this exchange-traded fund in order to make informed choices in line with one’s financial goals and risk tolerance level.
Please note that this article is based on information available as of August 26, 2023, and should not be considered as financial advice or a recommendation for or against investing in any specific asset or security.
