Sonata Capital Group Inc. Trims Position in iShares Select Dividend ETF (NASDAQ:DVY)

Sonata Capital Group Inc. lowered its position in iShares Select Dividend ETF (NASDAQ:DVY) by 10.0% in the third quarter, HoldingsChannel reports. The firm owned 25,447 shares of the company’s stock after selling 2,816 shares during the period. iShares Select Dividend ETF makes up about 1.5% of Sonata Capital Group Inc.’s portfolio, making the stock its 18th biggest holding. Sonata Capital Group Inc.’s holdings in iShares Select Dividend ETF were worth $3,437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets raised its position in iShares Select Dividend ETF by 607.0% in the first quarter. BNP Paribas Financial Markets now owns 50,208 shares of the company’s stock valued at $6,185,000 after purchasing an additional 43,106 shares during the period. Envestnet Portfolio Solutions Inc. lifted its position in iShares Select Dividend ETF by 88.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 40,431 shares of the company’s stock valued at $4,980,000 after buying an additional 18,977 shares during the last quarter. WealthPLAN Partners LLC lifted its position in iShares Select Dividend ETF by 2.5% in the first quarter. WealthPLAN Partners LLC now owns 6,492 shares of the company’s stock valued at $800,000 after buying an additional 160 shares during the last quarter. Montag A & Associates Inc. boosted its stake in iShares Select Dividend ETF by 35.6% during the first quarter. Montag A & Associates Inc. now owns 3,047 shares of the company’s stock worth $375,000 after buying an additional 800 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of iShares Select Dividend ETF by 10.3% during the first quarter. Concurrent Investment Advisors LLC now owns 4,179 shares of the company’s stock valued at $515,000 after acquiring an additional 390 shares during the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

Shares of iShares Select Dividend ETF stock traded up $0.66 on Friday, reaching $138.17. The company had a trading volume of 89,440 shares, compared to its average volume of 454,767. The firm has a market cap of $20.59 billion, a PE ratio of 13.25 and a beta of 0.87. The firm’s 50 day moving average price is $134.28 and its two-hundred day moving average price is $127.72. iShares Select Dividend ETF has a 52-week low of $105.58 and a 52-week high of $138.70.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were paid a dividend of $1.5496 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

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.