TCI Wealth Advisors Inc. Cuts Holdings in iShares Select Dividend ETF (NASDAQ:DVY)

TCI Wealth Advisors Inc. lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,163 shares of the company’s stock after selling 122 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in iShares Select Dividend ETF were worth $1,309,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its holdings in shares of iShares Select Dividend ETF by 2.1% during the fourth quarter. Halbert Hargrove Global Advisors LLC now owns 4,376 shares of the company’s stock worth $513,000 after buying an additional 88 shares during the last quarter. JNBA Financial Advisors increased its holdings in shares of iShares Select Dividend ETF by 26.6% in the third quarter. JNBA Financial Advisors now owns 448 shares of the company’s stock valued at $48,000 after purchasing an additional 94 shares during the period. Sunbelt Securities Inc. raised its stake in shares of iShares Select Dividend ETF by 0.6% during the third quarter. Sunbelt Securities Inc. now owns 16,069 shares of the company’s stock worth $1,730,000 after purchasing an additional 96 shares during the last quarter. Access Financial Services Inc. lifted its holdings in shares of iShares Select Dividend ETF by 0.5% during the fourth quarter. Access Financial Services Inc. now owns 19,382 shares of the company’s stock worth $2,272,000 after purchasing an additional 96 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC grew its position in iShares Select Dividend ETF by 3.9% in the 4th quarter. Patriot Financial Group Insurance Agency LLC now owns 2,540 shares of the company’s stock valued at $298,000 after buying an additional 96 shares during the last quarter. 46.08% of the stock is owned by institutional investors.

iShares Select Dividend ETF Stock Performance

iShares Select Dividend ETF stock traded up $0.56 during trading hours on Friday, reaching $121.24. 357,588 shares of the stock were exchanged, compared to its average volume of 563,234. iShares Select Dividend ETF has a 52-week low of $102.66 and a 52-week high of $123.43. The stock has a market cap of $18.39 billion, a P/E ratio of 13.25 and a beta of 0.68. The firm’s 50 day moving average is $119.56 and its 200 day moving average is $115.39.

iShares Select Dividend ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 22nd were issued a dividend of $0.9976 per share. The ex-dividend date was Thursday, March 21st. This represents a $3.99 annualized dividend and a yield of 3.29%.

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.