Breakwater Investment Management Cuts Stake in iShares Select Dividend ETF (NASDAQ:DVY)

Breakwater Investment Management lessened its holdings in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 25.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,558 shares of the company’s stock after selling 524 shares during the quarter. Breakwater Investment Management’s holdings in iShares Select Dividend ETF were worth $205,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. Banque Cantonale Vaudoise raised its position in shares of iShares Select Dividend ETF by 10.1% during the third quarter. Banque Cantonale Vaudoise now owns 798 shares of the company’s stock valued at $108,000 after buying an additional 73 shares during the last quarter. JDM Financial Group LLC increased its holdings in shares of iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock worth $41,000 after purchasing an additional 75 shares during the last quarter. Unionview LLC lifted its position in shares of iShares Select Dividend ETF by 0.7% in the third quarter. Unionview LLC now owns 11,151 shares of the company’s stock worth $1,506,000 after buying an additional 76 shares in the last quarter. CMG Global Holdings LLC boosted its stake in iShares Select Dividend ETF by 0.5% during the third quarter. CMG Global Holdings LLC now owns 17,284 shares of the company’s stock valued at $2,335,000 after buying an additional 80 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its holdings in iShares Select Dividend ETF by 1.4% during the 2nd quarter. Pathway Financial Advisers LLC now owns 6,137 shares of the company’s stock valued at $740,000 after buying an additional 84 shares in the last quarter. 46.08% of the stock is owned by hedge funds and other institutional investors.

iShares Select Dividend ETF Price Performance

NASDAQ:DVY opened at $134.80 on Tuesday. The company has a market cap of $20.47 billion, a price-to-earnings ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 1 year low of $112.42 and a 1 year high of $144.09. The stock’s 50 day simple moving average is $135.84 and its two-hundred day simple moving average is $132.90.

iShares Select Dividend ETF Cuts Dividend

The firm also recently declared 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 of this dividend was Tuesday, December 17th.

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.