iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Principle Wealth Partners LLC

Principle Wealth Partners LLC lowered its position in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 19.1% during the fourth quarter, Holdings Channel reports. The firm owned 22,321 shares of the company’s stock after selling 5,282 shares during the quarter. Principle Wealth Partners LLC’s holdings in iShares Select Dividend ETF were worth $2,616,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Signaturefd LLC grew its holdings in shares of iShares Select Dividend ETF by 30.0% during the third quarter. Signaturefd LLC now owns 1,864 shares of the company’s stock worth $201,000 after buying an additional 430 shares during the last quarter. TIAA Trust National Association grew its holdings in shares of iShares Select Dividend ETF by 4.7% during the fourth quarter. TIAA Trust National Association now owns 9,725 shares of the company’s stock worth $1,140,000 after buying an additional 437 shares during the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 14.2% during the third quarter. JFS Wealth Advisors LLC now owns 24,829 shares of the company’s stock worth $2,673,000 after buying an additional 3,078 shares during the last quarter. Park Place Capital Corp grew its holdings in shares of iShares Select Dividend ETF by 1.6% during the fourth quarter. Park Place Capital Corp now owns 8,397 shares of the company’s stock worth $984,000 after buying an additional 129 shares during the last quarter. Finally, Ledge Wealth Management Inc. purchased a new position in shares of iShares Select Dividend ETF during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Trading Down 0.3 %

Shares of NASDAQ DVY traded down $0.42 during midday trading on Friday, reaching $119.78. 322,915 shares of the company were exchanged, compared to its average volume of 573,232. iShares Select Dividend ETF has a 1 year low of $102.66 and a 1 year high of $123.43. The stock has a fifty day simple moving average of $119.11 and a 200 day simple moving average of $114.89. The stock has a market cap of $18.20 billion, a P/E ratio of 12.98 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. Shareholders of record on Friday, March 22nd were issued a $0.9976 dividend. This represents a $3.99 dividend on an annualized basis and a 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.