Kwmg LLC Decreases Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Kwmg LLC lessened its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,157 shares of the company’s stock after selling 1,326 shares during the period. iShares Select Dividend ETF accounts for approximately 1.3% of Kwmg LLC’s investment portfolio, making the stock its 23rd biggest position. Kwmg LLC owned about 0.06% of iShares Select Dividend ETF worth $12,887,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DVY. International Assets Investment Management LLC boosted its stake in shares of iShares Select Dividend ETF by 17,525.9% in the third quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after purchasing an additional 4,348,183 shares during the period. LPL Financial LLC boosted its position in iShares Select Dividend ETF by 4.6% in the 3rd quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock valued at $197,989,000 after buying an additional 64,620 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of iShares Select Dividend ETF in the second quarter worth $5,769,000. Florin Court Capital LLP increased its position in shares of iShares Select Dividend ETF by 119.7% during the third quarter. Florin Court Capital LLP now owns 65,700 shares of the company’s stock worth $8,874,000 after acquiring an additional 35,800 shares during the period. Finally, Granite FO LLC acquired a new stake in shares of iShares Select Dividend ETF in the second quarter valued at $3,774,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

Shares of iShares Select Dividend ETF stock traded up $0.86 on Monday, reaching $129.44. 519,927 shares of the company were exchanged, compared to its average volume of 531,623. The stock’s 50 day moving average price is $136.25 and its 200-day moving average price is $132.48. The company has a market cap of $19.71 billion, a P/E ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1-year low of $112.42 and a 1-year high of $144.09.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared 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 was Tuesday, December 17th.

iShares Select Dividend ETF 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.