iShares Select Dividend ETF (NASDAQ:DVY) Position Cut by Blodgett Wealth Advisors LLC

Blodgett Wealth Advisors LLC lowered its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,165 shares of the company’s stock after selling 1,500 shares during the period. iShares Select Dividend ETF makes up 1.3% of Blodgett Wealth Advisors LLC’s holdings, making the stock its 17th largest position. Blodgett Wealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $1,309,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at $27,000. Parkside Financial Bank & Trust raised its position in iShares Select Dividend ETF by 91.2% in the fourth quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock worth $46,000 after acquiring an additional 186 shares in the last quarter. JNBA Financial Advisors raised its position in iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock worth $48,000 after acquiring an additional 94 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $57,000. Finally, Financial Connections Group Inc. bought a new position in shares of iShares Select Dividend ETF during the 4th quarter valued at about $58,000. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Down 0.3 %

NASDAQ:DVY traded down $0.42 during trading hours on Friday, reaching $119.78. 322,915 shares of the company’s stock were exchanged, compared to its average volume of 573,232. The company has a market capitalization of $18.20 billion, a P/E ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $102.66 and a 12 month high of $123.43. The business’s 50-day simple moving average is $119.11 and its two-hundred day simple moving average is $114.83.

iShares Select Dividend ETF Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Thursday, March 21st.

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.