Private Advisor Group LLC Reduces Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Private Advisor Group LLC lowered its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 9.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 192,043 shares of the company’s stock after selling 19,206 shares during the period. Private Advisor Group LLC’s holdings in iShares Select Dividend ETF were worth $22,511,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DVY. Halbert Hargrove Global Advisors LLC grew its stake in shares of iShares Select Dividend ETF by 2.1% in the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock valued at $513,000 after buying an additional 88 shares in the last quarter. JNBA Financial Advisors raised its stake 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 purchasing an additional 94 shares during the period. Sunbelt Securities Inc. lifted its position in shares of iShares Select Dividend ETF by 0.6% during the third quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock worth $1,730,000 after purchasing an additional 96 shares in the last quarter. Access Financial Services Inc. boosted its stake in shares of iShares Select Dividend ETF by 0.5% in the fourth quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock valued at $2,272,000 after purchasing an additional 96 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its holdings in iShares Select Dividend ETF by 3.9% during the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock valued at $298,000 after purchasing an additional 96 shares in the last quarter. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

iShares Select Dividend ETF stock traded up $0.70 during midday trading on Monday, hitting $121.94. 321,148 shares of the stock were exchanged, compared to its average volume of 560,450. The company has a 50 day moving average price of $119.70 and a two-hundred day moving average price of $115.50. The firm has a market cap of $18.50 billion, a P/E ratio of 13.25 and a beta of 0.68. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $123.43.

iShares Select Dividend ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were paid a $0.9976 dividend. This represents a $3.99 annualized dividend and a dividend yield of 3.27%. The ex-dividend date was Thursday, March 21st.

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.