iShares Select Dividend ETF (NASDAQ:DVY) Shares Sold by Fernwood Investment Management LLC

Fernwood Investment Management LLC reduced its stake in iShares Select Dividend ETF (NASDAQ:DVY) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,087 shares of the company’s stock after selling 1,047 shares during the period. Fernwood Investment Management LLC’s holdings in iShares Select Dividend ETF were worth $1,886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Halbert Hargrove Global Advisors LLC lifted its stake 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. JNBA Financial Advisors raised its holdings 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 acquiring an additional 94 shares during the period. Sunbelt Securities Inc. raised its holdings 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 valued at $1,730,000 after acquiring an additional 96 shares during the period. Access Financial Services Inc. raised its holdings in shares of iShares Select Dividend ETF by 0.5% during the fourth quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock valued at $2,272,000 after acquiring an additional 96 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC raised its holdings in shares of 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. 46.08% of the stock is owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Up 0.7 %

Shares of DVY stock traded up $0.87 during trading hours on Monday, reaching $120.65. 363,153 shares of the stock traded hands, compared to its average volume of 570,670. iShares Select Dividend ETF has a 1-year low of $102.66 and a 1-year high of $123.43. The business has a fifty day moving average price of $119.11 and a 200 day moving average price of $114.94. The firm has a market capitalization of $18.34 billion, a PE ratio of 12.98 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.9976 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 dividend on an annualized basis and a dividend yield of 3.31%.

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.