DAVENPORT & Co LLC Sells 6,698 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

DAVENPORT & Co LLC reduced its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 11.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 49,901 shares of the company’s stock after selling 6,698 shares during the quarter. DAVENPORT & Co LLC’s holdings in iShares Select Dividend ETF were worth $6,551,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of iShares Select Dividend ETF by 340.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 194 shares of the company’s stock worth $25,000 after purchasing an additional 150 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in shares of iShares Select Dividend ETF during the 3rd quarter worth $36,000. JDM Financial Group LLC boosted its stake in iShares Select Dividend ETF by 33.3% in the third quarter. JDM Financial Group LLC now owns 300 shares of the company’s stock valued at $41,000 after buying an additional 75 shares in the last quarter. ORG Partners LLC boosted its stake in iShares Select Dividend ETF by 331.9% in the fourth quarter. ORG Partners LLC now owns 488 shares of the company’s stock valued at $64,000 after buying an additional 375 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in iShares Select Dividend ETF by 205.3% in the fourth quarter. Armstrong Advisory Group Inc. now owns 516 shares of the company’s stock valued at $68,000 after buying an additional 347 shares in the last quarter. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Trading Down 0.4 %

iShares Select Dividend ETF stock opened at $134.25 on Tuesday. The company has a market capitalization of $19.98 billion, a PE ratio of 13.25 and a beta of 0.87. iShares Select Dividend ETF has a 12 month low of $112.42 and a 12 month high of $144.09. The stock has a 50-day moving average price of $135.03 and a two-hundred day moving average price of $133.73.

iShares Select Dividend ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 17th were given a dividend of $1.3164 per share. 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.