Roman Butler Fullerton & Co. Reduces Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Roman Butler Fullerton & Co. cut its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,047 shares of the company’s stock after selling 93 shares during the quarter. Roman Butler Fullerton & Co.’s holdings in iShares Select Dividend ETF were worth $822,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DVY. Tyler Stone Wealth Management purchased a new position in shares of iShares Select Dividend ETF in the 2nd quarter valued at approximately $28,000. Almanack Investment Partners LLC. acquired a new stake in shares of iShares Select Dividend ETF during the third quarter worth $35,000. Financial Freedom LLC acquired a new stake in shares of iShares Select Dividend ETF during the fourth quarter worth $45,000. JNBA Financial Advisors grew its holdings in shares of iShares Select Dividend ETF by 26.6% during the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after buying an additional 94 shares during the last quarter. Finally, Fortitude Family Office LLC acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $57,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY traded up $0.48 on Thursday, reaching $116.83. 89,132 shares of the stock were exchanged, compared to its average volume of 576,432. The company’s 50-day moving average price is $118.43 and its 200 day moving average price is $114.20. The firm has a market capitalization of $17.92 billion, a PE ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $123.43.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend was Thursday, March 21st.

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.