On April 16, 2023, SlateStone Wealth LLC had acquired a new stake in shares of iShares Select Dividend ETF. According to the recently submitted Form 13F filing with the United States Securities and Exchange Commission, the investment firm purchased a total of 1,945 shares from this exchange-traded fund (ETF). The market value of these newly acquired shares is estimated at approximately $235,000.
The iShares Select Dividend ETF (DVY) provides investors with an easy access way to gain exposure to some of the highest yielding U.S. domestic stocks. These dividend-featuring corporations are typically consistent payers over time, providing investors with a steady source of income during sustained economic downturns.
The purchase by SlateStone Wealth LLC is seen as an affirmation that this popular trend continues its upward trajectory well into Q4. “SlateStone’s decision to invest in DVY speaks volumes about their confidence in not only the financial product but also their grasp of broader market movements,” stated one industry insider. Indeed, it seems that SlateStone Wealth LLC has keenly identified and acted on lucrative investment opportunities for its clients.
The move by SlateStone seems strategic in more ways than one. At a time when the stock market has been showing significant volatility for several years now, investors have become increasingly cautious about where they put their money. By investing in DVY through an ETF rather than buying individual stocks from companies with less historic stability or greater volatility, SlateStone minimizes risks to their portfolio while taking advantage of high-yield dividends.
This approach has proven successful for affluent individuals and institutions alike looking to diversify their holdings without putting significant amounts into any one individual company or sector. As such, iShares Select Dividend ETF has emerged as a popular choice due to its proven track record throughout many recent economic cycles.
Ultimately, with increased competition and funding options available across all sectors worldwide seemingly every day, this announcement from SlateStone Wealth LLC reminds us why the strength of traditional investment strategies still holds significant weight within today’s financial landscape. As markets continue to shift, savvy investors will rely on shrewd and timely moves like the one SlateStone made here.
Analysis: iShares Select Dividend ETF Sees Surge in Interest from Institutional Investors
In recent months, there has been a surge of interest in iShares Select Dividend ETF by large investors. As reported just last week, First Command Bank has increased its holdings in the company by an impressive 167.4%. Fiduciary Alliance LLC, Ten Capital Wealth Advisors LLC, Almanack Investment Partners LLC, and MADDEN SECURITIES Corp have all recently purchased new positions in the company as well. These moves come as institutional investors now own nearly half of the company’s stock.
For those considering investing in iShares Select Dividend ETF, it is important to note that the stock has had some fluctuations over the past year. Its 52-week low is $105.59 while its 52-week high reached $133.33. Currently, DVY opened at $118.24 on Friday and has a market cap of $21.81 billion with a P/E ratio of 11.69 and a beta of 0.87. Its fifty-day moving average stands at $115.56 while its 200-day moving average is at $120.69.
It is worth mentioning that iShares Select Dividend ETF is not only an exchange-traded fund but also formerly known as iShares Dow Jones Select Dividend Index Fund (the Fund). The aim of this Fund is to provide investment results that generally correspond to the price and yield performance of the Dow Jones U.S. Select Dividend Index (the Index). This index serves as a benchmark for measuring the strength and consistent dividend yields of equity securities issued by select companies over time.
While there are no guarantees when it comes to investing in stocks or ETFs, those interested in diversifying their portfolios may want to consider taking a closer look into iShares Select Dividend ETF along with performing their own due diligence and consulting with financial professionals before making any final decisions regarding investments.
In conclusion, although volatility exists within this particular market space, it is highly intriguing to see the level of attention that iShares Select Dividend ETF has garnered as of late, and its potential investment opportunities.