First Horizon Advisors Inc. reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 63.8% in the fourth quarter, HoldingsChannel reports. The fund owned 15,621 shares of the company’s stock after selling 27,473 shares during the quarter. First Horizon Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $1,831,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in iShares Select Dividend ETF in the 4th quarter valued at about $27,000. Parkside Financial Bank & Trust grew 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 buying an additional 186 shares during the last quarter. JNBA Financial Advisors lifted its position in shares of iShares Select Dividend ETF by 26.6% during the 3rd quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after acquiring an additional 94 shares during the last quarter. Fortitude Family Office LLC bought a new stake in shares of iShares Select Dividend ETF during the 4th quarter worth $57,000. Finally, Financial Connections Group Inc. acquired a new position in shares of iShares Select Dividend ETF in the 4th quarter worth $58,000. 46.08% of the stock is currently owned by institutional investors.
iShares Select Dividend ETF Price Performance
Shares of DVY opened at $121.24 on Friday. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $123.43. The company has a 50-day moving average of $119.47 and a two-hundred day moving average of $115.20. The stock has a market cap of $18.42 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87.
iShares Select Dividend ETF Dividend Announcement
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.
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