On June 16, 2023, &North Star Asset Management Inc. made a significant purchase of iShares Select Dividend ETF (NASDAQ:DVY) shares during the 4th quarter. The new position consisted of 1,832 shares valued at approximately $221,000 and was recorded in their most recent Form 13F filing with the Securities and Exchange Commission (SEC).
This move by &North Star Asset Management Inc. speaks volumes about their investment strategy and risk appetite. Given that dividend-paying stocks are typically considered to be less volatile than other forms of equity investments, such a purchase signals an increasing emphasis on portfolio stability and long-term asset appreciation.
iShares Select Dividend ETF is a well-respected fund that tracks the performance of U.S. companies that have a history of consistently paying high dividends to their shareholders. With over $16 billion in assets under management as of April 2023, DVY offers investors an attractive blend of income generation and stable capital growth potential across its diversified holdings.
From a macroeconomic perspective, this may also reflect investor sentiments regarding current market conditions. Many analysts have recently predicted slower economic growth going forward due to headwinds from factors such as rising interest rates and geopolitical instability.
Regardless of the rationale behind this move by &North Star Asset Management Inc., it will undoubtedly be interesting to see how it impacts DVY’s performance going forward. Will other institutional investors follow suit? Will DVY continue to perform well in the coming months given increasing volatility across equity markets?
As always with investing, only time will tell what will happen next. In the meantime, it is clear that &North Star Asset Management Inc.’s decision underscores their desire for steady long-term gains amidst uncertain market conditions – a strategy that many investors may find appealing in our current environment.
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iShares Select Dividend ETF: A Popular Choice for Institutional Investors, but Key Factors to Consider
[stock_market_widget type=”chart” template=”basic” color=”#3946CE” assets=”DVY” range=”1mo” interval=”1d” axes=”true” cursor=”true” range_selector=”true” api=”yf”]In today’s world of investing, where the stock market moves faster than ever before, it’s essential to stay informed about the companies in which you plan to invest. This is especially true for exchange-traded funds (ETFs) like the iShares Select Dividend ETF, which have become increasingly popular among institutional investors and hedge funds in recent years.
According to recent reports, Moneta Group Investment Advisors LLC raised its position in shares of iShares Select Dividend ETF by 107,178.5% during the fourth quarter. The firm now owns a whopping 75,921,028 shares of the company’s stock worth $9,156,076,000 after buying an additional 75,850,258 shares during the period. Morgan Stanley also boosted its position in shares of iShares Select Dividend ETF by 12.1% during the same period.
Other institutional investors like Wells Fargo & Company MN and PNC Financial Services Group Inc. have also been active buyers of iShares Select Dividend ETF stock recently.
The business has a fifty-day simple moving average of $111.96 and a two-hundred-day simple moving average of $115.33. The firm has a market cap of $20.82 billion and a beta of 0.87.
However, before you jump on board with this trend and consider investing in iShares Select Dividend ETF for yourself or your firm’s portfolio – you should carefully consider some factors that may impact your investment success.
P/E ratio is one such factor to keep in mind when considering this ETF – currently standing at 11.69%, which is normal but relatively low compared to other equity securities.
Additionally, Beta is another metric that prospective investors might want to consider – being close to one suggests that correlations between the fund and the broader market are strong overall.
With these factors in mind along with numerous financial analyses conducted by seasoned professionals across several asset management sectors, there are no doubts that iShares Select Dividend ETF is an investment option worth considering. However, as with any investment, potential investors must do their own due diligence and be fully aware of the risks involved before making their final decision.
