Traynor Capital Management Inc. Sells 5,498 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Traynor Capital Management Inc. cut its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 22.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,136 shares of the company’s stock after selling 5,498 shares during the quarter. Traynor Capital Management Inc.’s holdings in iShares Select Dividend ETF were worth $2,512,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in shares of iShares Select Dividend ETF by 17,525.9% in the 3rd quarter. International Assets Investment Management LLC now owns 4,372,993 shares of the company’s stock valued at $590,660,000 after purchasing an additional 4,348,183 shares during the last quarter. LPL Financial LLC lifted its position in shares of iShares Select Dividend ETF by 4.6% during the third quarter. LPL Financial LLC now owns 1,465,825 shares of the company’s stock worth $197,989,000 after purchasing an additional 64,620 shares during the last quarter. JPMorgan Chase & Co. increased its stake in iShares Select Dividend ETF by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,380,841 shares of the company’s stock worth $186,510,000 after buying an additional 7,012 shares during the period. Raymond James & Associates increased its position in shares of iShares Select Dividend ETF by 2.9% during the third quarter. Raymond James & Associates now owns 584,439 shares of the company’s stock worth $78,940,000 after acquiring an additional 16,512 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of iShares Select Dividend ETF by 0.5% during the third quarter. Rockefeller Capital Management L.P. now owns 403,745 shares of the company’s stock valued at $54,510,000 after buying an additional 2,072 shares during the period. 46.08% of the stock is currently owned by institutional investors.

iShares Select Dividend ETF Stock Down 1.6 %

Shares of NASDAQ:DVY opened at $134.01 on Thursday. The firm has a 50 day moving average of $135.72 and a 200 day moving average of $133.11. iShares Select Dividend ETF has a 52 week low of $112.42 and a 52 week high of $144.09. The company has a market capitalization of $20.35 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Investors of record on Tuesday, December 17th were given a $1.3164 dividend. The ex-dividend date was Tuesday, December 17th.

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.