Essex Financial Services Inc. Trims Stock Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

Essex Financial Services Inc. lessened its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 7.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,267 shares of the company’s stock after selling 1,899 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares Select Dividend ETF were worth $2,845,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Dakota Wealth Management increased its stake in iShares Select Dividend ETF by 13.5% during the third quarter. Dakota Wealth Management now owns 7,906 shares of the company’s stock worth $851,000 after purchasing an additional 943 shares during the period. Financial Consulate Inc. raised its stake in shares of iShares Select Dividend ETF by 3.2% in the third quarter. Financial Consulate Inc. now owns 3,217 shares of the company’s stock valued at $346,000 after acquiring an additional 99 shares in the last quarter. Simon Quick Advisors LLC boosted its holdings in iShares Select Dividend ETF by 11.1% in the third quarter. Simon Quick Advisors LLC now owns 23,208 shares of the company’s stock valued at $2,498,000 after purchasing an additional 2,310 shares during the period. GW Henssler & Associates Ltd. grew its stake in iShares Select Dividend ETF by 0.3% during the 3rd quarter. GW Henssler & Associates Ltd. now owns 69,141 shares of the company’s stock worth $7,442,000 after purchasing an additional 229 shares in the last quarter. Finally, Citizens National Bank Trust Department increased its holdings in iShares Select Dividend ETF by 2.5% during the 3rd quarter. Citizens National Bank Trust Department now owns 9,789 shares of the company’s stock worth $1,054,000 after purchasing an additional 237 shares during the period. 46.08% of the stock is currently owned by institutional investors and hedge funds.

iShares Select Dividend ETF Stock Performance

DVY stock traded up $0.79 during mid-day trading on Wednesday, reaching $120.19. The company had a trading volume of 216,653 shares, compared to its average volume of 564,874. The firm has a fifty day simple moving average of $119.30 and a 200 day simple moving average of $115.12. The company has a market capitalization of $18.27 billion, a price-to-earnings ratio of 12.98 and a beta of 0.87. iShares Select Dividend ETF has a fifty-two week low of $102.66 and a fifty-two week high of $123.43.

iShares Select Dividend ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a $0.9976 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $3.99 annualized dividend and a yield of 3.32%.

iShares Select Dividend ETF 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.