Cambridge Investment Research Advisors Inc. Sells 47,051 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Cambridge Investment Research Advisors Inc. decreased its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 22.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 163,505 shares of the company’s stock after selling 47,051 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.10% of iShares Select Dividend ETF worth $19,166,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its holdings in iShares Select Dividend ETF by 2.1% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock valued at $513,000 after purchasing an additional 88 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in iShares Select Dividend ETF by 0.6% in the 3rd quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock worth $1,730,000 after acquiring an additional 96 shares during the period. Access Financial Services Inc. raised its holdings in iShares Select Dividend ETF by 0.5% in the 4th quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock worth $2,272,000 after acquiring an additional 96 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in iShares Select Dividend ETF by 3.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock valued at $298,000 after acquiring an additional 96 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its position in shares of iShares Select Dividend ETF by 1.7% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 6,312 shares of the company’s stock valued at $745,000 after purchasing an additional 106 shares during the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Price Performance

Shares of NASDAQ DVY traded up $0.78 during trading hours on Friday, hitting $123.18. 214,707 shares of the company’s stock were exchanged, compared to its average volume of 538,435. The company’s 50-day moving average price is $121.36 and its 200-day moving average price is $117.20. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $125.99. The stock has a market capitalization of $18.72 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were given a $0.9976 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 annualized dividend and a dividend yield of 3.24%.

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.