Patriot Investment Management Group Inc. Sells 378 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Patriot Investment Management Group Inc. decreased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,603 shares of the company’s stock after selling 378 shares during the quarter. Patriot Investment Management Group Inc.’s holdings in iShares Select Dividend ETF were worth $1,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hsbc Holdings PLC raised its position in iShares Select Dividend ETF by 84.7% during the second quarter. Hsbc Holdings PLC now owns 25,554 shares of the company’s stock valued at $3,092,000 after purchasing an additional 11,722 shares during the period. 1832 Asset Management L.P. bought a new position in iShares Select Dividend ETF in the second quarter worth approximately $73,000. Evergreen Capital Management LLC bought a new position in iShares Select Dividend ETF during the 2nd quarter worth about $236,000. Daymark Wealth Partners LLC increased its position in iShares Select Dividend ETF by 153.2% during the 2nd quarter. Daymark Wealth Partners LLC now owns 6,588 shares of the company’s stock valued at $797,000 after purchasing an additional 3,986 shares during the period. Finally, Smith Thornton Advisors LLC bought a new stake in shares of iShares Select Dividend ETF in the 2nd quarter valued at about $415,000. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Performance

NASDAQ DVY opened at $134.31 on Friday. The company has a market cap of $20.39 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 52-week low of $112.42 and a 52-week high of $144.09. The firm’s 50 day moving average price is $135.63 and its 200-day moving average price is $133.12.

iShares Select Dividend ETF Cuts Dividend

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

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.