MV Capital Management Inc. Trims Position in iShares Select Dividend ETF (NASDAQ:DVY)

MV Capital Management Inc. lowered its stake in shares of iShares Select Dividend ETF (NASDAQ:DVY) by 1.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,192 shares of the company’s stock after selling 467 shares during the period. MV Capital Management Inc.’s holdings in iShares Select Dividend ETF were worth $4,212,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in iShares Select Dividend ETF during the fourth quarter worth approximately $27,000. Parkside Financial Bank & Trust raised its stake in shares of iShares Select Dividend ETF by 91.2% in the 4th quarter. Parkside Financial Bank & Trust now owns 390 shares of the company’s stock valued at $46,000 after acquiring an additional 186 shares during the period. Richardson Financial Services Inc. purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $49,000. Fortitude Family Office LLC purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $57,000. Finally, Financial Connections Group Inc. purchased a new position in shares of iShares Select Dividend ETF in the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 46.08% of the company’s stock.

iShares Select Dividend ETF Stock Up 0.4 %

Shares of DVY stock traded up $0.48 during mid-day trading on Tuesday, reaching $120.79. The company’s stock had a trading volume of 441,275 shares, compared to its average volume of 515,794. The company’s 50 day simple moving average is $121.99 and its 200-day simple moving average is $119.12. iShares Select Dividend ETF has a 12-month low of $102.66 and a 12-month high of $125.99. The firm has a market capitalization of $18.35 billion, a PE ratio of 13.25 and a beta of 0.87.

iShares Select Dividend ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 11th were paid a $0.9304 dividend. This represents a $3.72 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date was Tuesday, June 11th.

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.