Eldridge Investment Advisors Inc. lowered its holdings in iShares Select Dividend ETF (NASDAQ:DVY – Free Report) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,185 shares of the company’s stock after selling 803 shares during the period. Eldridge Investment Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $1,468,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Gitterman Wealth Management LLC purchased a new stake in iShares Select Dividend ETF during the fourth quarter valued at about $216,000. CBIZ Investment Advisory Services LLC grew its position in iShares Select Dividend ETF by 1.3% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 10,105 shares of the company’s stock valued at $1,327,000 after acquiring an additional 133 shares during the period. Choate Investment Advisors grew its position in iShares Select Dividend ETF by 7.5% during the fourth quarter. Choate Investment Advisors now owns 6,255 shares of the company’s stock valued at $821,000 after acquiring an additional 435 shares during the period. Commonwealth Equity Services LLC grew its position in iShares Select Dividend ETF by 0.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 646,644 shares of the company’s stock valued at $84,898,000 after acquiring an additional 4,820 shares during the period. Finally, Stelac Advisory Services LLC grew its position in iShares Select Dividend ETF by 0.9% during the fourth quarter. Stelac Advisory Services LLC now owns 48,727 shares of the company’s stock valued at $6,397,000 after acquiring an additional 431 shares during the period. Hedge funds and other institutional investors own 46.08% of the company’s stock.
iShares Select Dividend ETF Trading Up 2.0 %
DVY stock opened at $133.17 on Friday. The stock has a 50-day moving average price of $134.29 and a two-hundred day moving average price of $135.07. iShares Select Dividend ETF has a 12-month low of $115.43 and a 12-month high of $144.09. The company has a market cap of $19.80 billion, a PE ratio of 16.35 and a beta of 0.87.
iShares Select Dividend ETF Cuts Dividend
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.
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