Investors Research Corp Reduces Position in iShares Select Dividend ETF (NASDAQ:DVY)

Investors Research Corp cut its position in iShares Select Dividend ETF (NASDAQ:DVY) by 48.4% during the third quarter, Holdings Channel reports. The firm owned 4,885 shares of the company’s stock after selling 4,580 shares during the period. Investors Research Corp’s holdings in iShares Select Dividend ETF were worth $660,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DVY. Addison Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 107.1% during the 2nd quarter. Addison Advisors LLC now owns 232 shares of the company’s stock worth $28,000 after purchasing an additional 120 shares during the period. 1620 Investment Advisors Inc. purchased a new position in iShares Select Dividend ETF in the second quarter valued at $30,000. ORG Partners LLC purchased a new stake in iShares Select Dividend ETF during the 2nd quarter worth about $32,000. Family Firm Inc. acquired a new position in iShares Select Dividend ETF during the 2nd quarter worth approximately $36,000. Finally, ORG Wealth Partners LLC acquired a new stake in iShares Select Dividend ETF in the third quarter valued at $36,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.3 %

NASDAQ:DVY traded up $0.40 during mid-day trading on Thursday, reaching $139.40. 18,526 shares of the stock were exchanged, compared to its average volume of 449,011. iShares Select Dividend ETF has a 1 year low of $109.54 and a 1 year high of $139.90. The company has a 50 day simple moving average of $135.40 and a 200-day simple moving average of $128.99. The stock has a market capitalization of $20.77 billion, a P/E ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Announces Dividend

The company also recently announced a dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were given a dividend of $1.5496 per share. The ex-dividend date of this dividend was Wednesday, September 25th.

iShares Select Dividend ETF Company 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.