Castle Wealth Management LLC Trims Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Castle Wealth Management LLC decreased its position in iShares Select Dividend ETF (NASDAQ:DVY) by 30.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,300 shares of the company’s stock after selling 1,011 shares during the quarter. Castle Wealth Management LLC’s holdings in iShares Select Dividend ETF were worth $270,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC boosted its stake in iShares Select Dividend ETF by 107,178.5% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 75,921,028 shares of the company’s stock worth $9,156,076,000 after purchasing an additional 75,850,258 shares in the last quarter. Morgan Stanley boosted its stake in iShares Select Dividend ETF by 12.1% in the 4th quarter. Morgan Stanley now owns 7,648,470 shares of the company’s stock worth $922,406,000 after purchasing an additional 823,118 shares in the last quarter. Northern Trust Corp lifted its stake in iShares Select Dividend ETF by 3.0% during the 3rd quarter. Northern Trust Corp now owns 3,446,617 shares of the company’s stock valued at $370,994,000 after acquiring an additional 101,996 shares during the period. Royal Bank of Canada lifted its stake in iShares Select Dividend ETF by 2.6% during the 3rd quarter. Royal Bank of Canada now owns 2,579,311 shares of the company’s stock valued at $277,635,000 after acquiring an additional 64,326 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in iShares Select Dividend ETF by 12,638.3% during the 4th quarter. International Assets Investment Management LLC now owns 2,407,409 shares of the company’s stock valued at $282,196,000 after acquiring an additional 2,388,510 shares during the period. Institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 1.6 %

DVY traded up $1.82 during midday trading on Friday, hitting $118.70. 565,524 shares of the company traded hands, compared to its average volume of 580,696. The firm has a market capitalization of $18.08 billion, a PE ratio of 12.98 and a beta of 0.75. The company’s 50-day moving average is $118.58 and its 200 day moving average is $114.31. iShares Select Dividend ETF has a 52 week low of $102.66 and a 52 week high of $123.43.

iShares Select Dividend ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.9976 per share. This represents a $3.99 annualized dividend and a yield of 3.36%. The ex-dividend date was Thursday, March 21st.

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.