iShares Select Dividend ETF (NASDAQ:DVY) Position Trimmed by FC Advisory LLC

FC Advisory LLC trimmed its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,540 shares of the company’s stock after selling 119 shares during the quarter. FC Advisory LLC’s holdings in iShares Select Dividend ETF were worth $465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. ORG Wealth Partners LLC purchased a new stake in shares of iShares Select Dividend ETF during the 3rd quarter worth about $36,000. JDM Financial Group LLC lifted its stake in iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after acquiring an additional 75 shares during the last quarter. M&R Capital Management Inc. grew its position in iShares Select Dividend ETF by 1,455.0% in the third quarter. M&R Capital Management Inc. now owns 311 shares of the company’s stock worth $42,000 after acquiring an additional 291 shares in the last quarter. Fairfield Financial Advisors LTD acquired a new position in shares of iShares Select Dividend ETF during the 2nd quarter worth $47,000. Finally, 1832 Asset Management L.P. bought a new position in shares of iShares Select Dividend ETF during the 2nd quarter valued at $73,000. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY traded up $0.17 during trading hours on Tuesday, reaching $131.17. The company’s stock had a trading volume of 137,380 shares, compared to its average volume of 401,802. iShares Select Dividend ETF has a one year low of $112.42 and a one year high of $144.09. The business’s 50-day moving average is $136.55 and its 200-day moving average is $132.22. The company has a market cap of $19.96 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were issued a $1.3164 dividend. The ex-dividend date of this dividend was Tuesday, December 17th.

About iShares Select Dividend ETF

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.