Advisory Services Network LLC Has $7.95 Million Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Advisory Services Network LLC trimmed its position in iShares Select Dividend ETF (NASDAQ:DVY) by 17.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,775 shares of the company’s stock after selling 14,287 shares during the quarter. Advisory Services Network LLC’s holdings in iShares Select Dividend ETF were worth $7,945,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter worth $27,000. Parkside Financial Bank & Trust increased its position in iShares Select Dividend ETF by 91.2% during the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after acquiring an additional 186 shares during the period. Fortitude Family Office LLC bought a new position in iShares Select Dividend ETF during the fourth quarter worth $57,000. Financial Connections Group Inc. bought a new position in iShares Select Dividend ETF during the fourth quarter worth $58,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in iShares Select Dividend ETF in the 4th quarter valued at $65,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

Shares of DVY traded up $0.78 during trading hours on Friday, hitting $123.18. The stock had a trading volume of 214,707 shares, compared to its average volume of 538,435. The company’s fifty day moving average is $121.36 and its two-hundred day moving average is $117.20. The stock has a market capitalization of $18.72 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $125.99.

iShares Select Dividend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were given a dividend of $0.9976 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a yield of 3.24%.

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.