Level Four Advisory Services LLC Sells 1,733 Shares of iShares Select Dividend ETF (NASDAQ:DVY)

Level Four Advisory Services LLC lessened its holdings in iShares Select Dividend ETF (NASDAQ:DVY) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,705 shares of the company’s stock after selling 1,733 shares during the quarter. Level Four Advisory Services LLC’s holdings in iShares Select Dividend ETF were worth $2,456,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DVY. Orion Portfolio Solutions LLC boosted its stake in shares of iShares Select Dividend ETF by 61.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 52,545 shares of the company’s stock worth $6,899,000 after buying an additional 20,063 shares during the last quarter. Moment Partners LLC acquired a new stake in shares of iShares Select Dividend ETF in the fourth quarter valued at approximately $34,741,000. JPMorgan Chase & Co. boosted its stake in shares of iShares Select Dividend ETF by 22.8% during the 4th quarter. JPMorgan Chase & Co. now owns 1,695,199 shares of the company’s stock worth $222,563,000 after acquiring an additional 314,358 shares during the period. Worth Financial Advisory Group LLC increased its holdings in shares of iShares Select Dividend ETF by 13.1% during the 4th quarter. Worth Financial Advisory Group LLC now owns 1,819 shares of the company’s stock worth $239,000 after acquiring an additional 210 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in iShares Select Dividend ETF by 21.0% in the 4th quarter. Ausdal Financial Partners Inc. now owns 4,858 shares of the company’s stock valued at $638,000 after acquiring an additional 844 shares during the period. Institutional investors and hedge funds own 46.08% of the company’s stock.

iShares Select Dividend ETF Price Performance

DVY stock opened at $132.74 on Friday. iShares Select Dividend ETF has a one year low of $115.43 and a one year high of $144.09. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of 15.96 and a beta of 0.87. The company has a fifty day moving average price of $134.70 and a two-hundred day moving average price of $135.09.

iShares Select Dividend ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Tuesday, March 18th were issued a dividend of $1.0495 per share. The ex-dividend date of this dividend was Tuesday, March 18th.

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.