CapWealth Advisors LLC Reduces Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

CapWealth Advisors LLC cut its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 5.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,432 shares of the company’s stock after selling 323 shares during the quarter. CapWealth Advisors LLC’s holdings in iShares Select Dividend ETF were worth $637,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Tyler Stone Wealth Management purchased a new stake in iShares Select Dividend ETF during the 2nd quarter valued at about $28,000. Almanack Investment Partners LLC. purchased a new stake in iShares Select Dividend ETF during the 3rd quarter valued at about $35,000. Financial Freedom LLC purchased a new stake in iShares Select Dividend ETF during the 4th quarter valued at about $45,000. JNBA Financial Advisors boosted its holdings in 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 period. Finally, Fortitude Family Office LLC purchased a new stake in iShares Select Dividend ETF in the 4th quarter worth approximately $57,000. 46.08% of the stock is currently owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Trading Up 0.4 %

Shares of DVY stock traded up $0.44 during trading hours on Thursday, reaching $116.79. The company’s stock had a trading volume of 170,211 shares, compared to its average volume of 577,652. The stock has a market capitalization of $17.92 billion, a P/E ratio of 11.69 and a beta of 0.87. iShares Select Dividend ETF has a one year low of $102.66 and a one year high of $123.43. The firm’s fifty day simple moving average is $118.43 and its 200 day simple moving average is $114.20.

iShares Select Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.9976 per share. This represents a $3.99 dividend on an annualized basis and a 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.